Now that the RBA meeting is over, and concluded with what is being called a “dovish hold”, attention is moving on what we can expect out of New Zealand later today. Because of how connected the two economies are, their monetary policy tends to move in tandem. There was a pretty broad expectation that if the Australian regulator moved, then the Kiwis would follow suit. However, the reality on the ground is that New Zealand’s data has been broadly better than the situation in Australia. That being said, there has also been some weakness in the inflation data. This has led many analysts to project that a cut in the ... (full story)