Previously they had plumped for Oct but now feel OCR (official cash rate) will remain on hold a little longer
MNI reporting for all you Westpac watchers
Economists at Westpac have revised their view on the RBNZ OCR, nowexpecting a pause at the October OCR review before resuming cuts in December,January and March. They emphasize their view for a terminal OCR of 2% has not changed because they’re sceptical the lower kiwi will generate the sustained degree of inflation pressure that the RBNZ is forecasting.