So, was it 'hawkish'? Was it 'dovish'? It was neither. It was 'hawkish by omission'. Be in no doubt, there's a real chance that the Reserve Bank will have another Official Cash Rate hike for us before Christmas. All eyes will now turn to the inflation figures due to be released on October 17 and also, but to a slightly lesser extent, the labour market figures out on November 1. Economists and the markets seemed to form mixed views of what message the RBNZ was conveying in its OCR review on Wednesday. Let's be clear, 10 days out from an election the RBNZ was never likely to come out and explicitly suggest that an OCR ... (full story)