RBNZ to remain dovish

Posted on June 21st, 2017

At its 11 May policy meeting, the RBNZ was surprisingly dovish, tending to dismiss the rise in Q1 inflation as largely temporary, and forecasting only a very gradual return in underlying inflation to its 2% target towards the end of its three-year horizon.  It forecast rates on hold until the second half of 2019.  This […]