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Resumption of tightening by the RBNZ in Q1 2015 - RBC

FXStreet (Bali) - Michael Turner, Strategist at RBC Capital Markets, still expects the resumption of tightening by the RBNZ in the first quarter of next year.

Key Quotes

"Looking at their bill track, its about 50 basis points lower in the long run. So it's a pause, and the RBNZ thinks it'll have to tighten less than first assumed. That should not disturb markets too much."

"There's nothing in this to shake our view of a pause for a few months and then a resumption of tightening in the first quarter of next year."

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