RBNZ kept cash rate on hold
Publish Date : 2019/09/25 - 05:55

RBNZ kept the cash rate on hold at 1% as expected and the Bank offered to ease monetary policy further, if necessary.

Today's statement suggests the RBNZ is content to assess the outlook following the 50bps cut last month but announced that easing is more likely than not.

The MPC sees risks toward economic situation as following: global trade, geopolitical tensions, low business confidence, likely delay in fiscal policy and likely low inflation.

MPC added that although the RBNZ offered a contingent easing bias and a balanced outlook 1 year out, we retain our 25bps cut to 0.75% in November.

Source: Fxstreet

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