The oil price spike raises the risk that the rate cut may have to be pushed out to the middle of the year.

270

Growth is expected to slow further, with a recession possible.

228

It's not what you would have wanted of you wanted to avoid higher rates.

227

We are amidst a soft patch that may turn out to be recessionary.

169

We need to see imports soften off if we are ever going to solve the current account deficit problem. That's why we've seen the currency respond to the wider deficit. It's worrying that the current account deficit will stay large.

162

Accordingly, there is no case for further rate hikes in our view.

99

With some speculation that the RBNZ could have moved by 50 basis points, the end result was a market reaction consistent with an element of relief.

91

It will add to the picture, in my view, that they will not need to do any more tightening.

89