Next month’s policy meeting of the RBNZ is going to be pivotal because we can expect a policy change announcement. In the world of central banks, that means that in tomorrow’s meeting, the bank is likely to hint at what the announcement will be in order to prepare the markets. So, we could get some extra volatility around the release of the decision tomorrow. Another thing to keep in mind is that there appears to be something of a divergence between what analysts are expecting and what the market is pricing in. On the one hand, economists are saying that the RBNZ will stay accommodative. On the other, the market is ... (full story)