NZD: RBNZ expected to maintain cash rate at 2.25% - BBH

Research Team at BBH, suggests that the Reserve Bank of New Zealand makes its rate decision on April 27 (5:00 pm ET).

Key Quotes

“It is expected to leave the cash rate at 2.25%. Recent economic data has been firm. Dairy prices are recovering. CPI is rising slowly from its trough. Rate cut speculation has receded, but many are not convinced that the easing cycle is over and have shifted expectations toward the middle of the year.”