RBNZ to lay as low as possible – TDS

Analysts at TDS expect the RBNZ to lay as low as possible, perhaps taking a leaf out of the RBA's book and leaving all GDP, CPI and cah rate projections all unchanged.

Key Quotes

“'Acting' RBNZ Governor Spencer is at the helm this time and for the March 22 OCR Review, under the existing PTA of 2% inflation. In the press conference, Spencer may be in a pickle as he said in November that the NZD TWI at 73.5 was 'fair value', and now that the TWI is closer to 75 an astute journalist could box him in to comment on currency strength.”