Disliked{quote} Jeremy, I respect your opinion on these matters, but in this particular case you seem to be making a hard nosed assumption that the RBNZ actually offers credible guidance. Well the fact is that it doesn't. Don't take my word for it. Just take a half hour of your time and go through some of the historical MP statements the RBNZ has made. More specifically, you may want to read the semi-hawkish statements they made a few months before they slashed rates to 2.5% in 2011. So you see, this is not a matter of some guy in an online forum knowing...Ignored
But the impact of the Kiwi on the NZ economy is less important than a housing crash and as it stands by Q1/2 2014 the Kiwi will probably be around 0.80 even after a rate hike and that isn't too detrimental to NZ economy. But an overly exuberant housing market will cripple them. therefore even AUDNZD being at parity is not as bad as the other option.
I think the RBNZ may put of rate hikes longer, maybe 3 months, than the market expects but FAR, FAR sooner than the RBA - I think we can all agree on that.