RBNZ: hike next year? - Westpac

Analysts Westpac argued that if the RBNZ was “firmly neutral” in its last review, it is hardly going to be mulling the timing of interest rate hikes this time around.

Key Quotes:

"We think that the market is off-base in pricing in an OCR hike for next year, even if the timing has been pushed out from June to August since the CPI figures."

"In contrast, we don’t expect an OCR hike before 2019, and that sort of horizon is too far out to be specific about the timing."