No surprise here from the NZIER shadow board, where the majority recommends a 25bp cut from the RBNZ this week.
Last week a Reuters poll showed 28 of 30 economists expect the Reserve Bank of New Zealand to cut the cash rate to 3% on August 20.
Here is a quick snapshot of the upcoming central bank meeting expectations I posted earlier.
This article was written by Arno V Venter at investinglive.com.