What’s coming up from the Reserve Bank of New Zealand after the weak NZ GDP data!

• New Zealand Q2 GDP -0.2% q/q (expected -0.4%)

I posted the summary take from ANZ New Zealand here:

• expect the RBNZ to deliver 25bp cuts at each meeting

More now, via Reuters. This from ASB, who stick to their call for the Reserve Bank of New Zealand cut by another 50 basis points by the end of the year:

• data highlight that the economy was indeed in a
  weak patch in the second-quarter
• widespread evidence that
  private demand is soft and that this is flowing through to
  multiple sectors of the economy

Westpac:

• financial
  markets will fixate on the idea that the Federal
  Reserve’s decision has opened the door for 50 basis point rate
  cuts elsewhere, including in New Zealand
• but “there isn’t much in the local data that argues for the
  RBNZ to step up the pace of easing beyond what it had already
  signalled in its August policy statement”

Dates coming up for the Reserve Bank of New Zealand:

This article was written by Eamonn Sheridan at www.forexlive.com.