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“It's not good news and adds to likelihood the current account is going to deteriorate further and cast a shadow over the currency,”
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“The oil price spike raises the risk that the rate cut may have to be pushed out to the middle of the year.”
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“It's not what you would have wanted of you wanted to avoid higher rates.”
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“Growth is expected to slow further, with a recession possible.”
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“It will add to the picture, in my view, that they will not need to do any more tightening.”
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“With some speculation that the RBNZ could have moved by 50 basis points, the end result was a market reaction consistent with an element of relief,”
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“With some speculation that the RBNZ could have moved by 50 basis points, the end result was a market reaction consistent with an element of relief.”
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“Accordingly, there is no case for further rate hikes in our view.”
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“We are amidst a soft patch that may turn out to be recessionary.”
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“We need to see imports soften off if we are ever going to solve the current account deficit problem. That's why we've seen the currency respond to the wider deficit. It's worrying that the current account deficit will stay large.”
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