{video} The RBNZ will announce its decision early on Wednesday, at 02:00 GMT. The forecast from economists is for a rate cut, but investors are not convinced, with market pricing assigning only a ~40% chance for one. Indeed, the Bank may hold its fire for now and postpone any cut until the summer. The kiwi will probably spike higher in that case, though any positive reaction could be short-lived. The Reserve Bank of New Zealand (RBNZ) adopted a clear easing bias when it last met in March, indicating that the next move in interest rates will likely be lower given weakness in both the domestic and the global outlook. ... (full story)