Wednesday, 19th February, 2020
The RBNZ surprised us and markets last week with a relatively upbeat assessment of the economic outlook. Following the announcement, we changed our OCR view and now expect it to remain at 1% until 2022, followed by a series of mild OCR hikes. Markets soon returned their gaze to coronavirus developments and the virus is likely to remain the main market theme this week. To find out more, read our report here.