RBNZ to release its inflation expectation today.

ANZ Bank recently came out and said that it thought the RBNZ would be forced to put the official cash rate down twice starting with a rate drop in June and another in July. This saw the Kiwi Dollar fall off its recent highs 0.7560 and this morning weaker than expected Producer Prices data helped push the Kiwi Dollar to 0.7370 at 8.45am AEST. 

But it’s 1.00pm AEST I am waiting for today as the RBNZ will release its latest inflation expectation for the New Zealand economy and with recent economic data softening it won’t surprise me to see traders price in a dovish RBNZ inflation statement and the Kiwi Dollar fall even further. 

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