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Westpac changes forecast for RBNZ OCR to a 25bp cut in August
Westpac NZ economists change forecast for RBNZ OCR, from on-hold, to a 25bp cut in August to 1.25%. Markets are pricing a 95% chance of a cut by then. For next week's meeting, consesnus says RBNZ will remain on hold (although we expect it to reiterate its easing bias)
— Imre Speizer (@ImreSpeizer) June 21, 2019
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