Reserve Bank of New Zealand monetary policy meeting preview - on hold expected

I posted this from ANZ yesterday: This now via Westpac, in summary points: - We expect the RBNZ will leave the OCR at 5.5% at its May Monetary Policy Statement. - The RBNZ will likely remain comfortable with the forward outlook communicated in the February Monetary Policy Statement. - We don’t see a significant change in the RBNZ’s projections for the OCR – easing still looks like a 2025 affair. - Weaker than expected GDP growth and numerous indications of …