BNZ to keep rates on hold until June 2016 - Westpac

FXStreet (Bali) - Following today's New Zealand Q4 CPI (-0.2% actual vs 0% expected), Westpac is out with a note to clients, noting that the RBNZ is likely to keep rates on hold until June 2016, a revision from its previous call, in which the bank had expected a hike in Q1 of 2016. Westpac said that the "case for further interest rate hikes is likely to take even longer to build than we previously thought.”