RANsquawk Central Banks – PREVIEW: RBNZ Policy announcement due at 2000GMT/1400CST/0600HKT

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The RBNZ are expected to continue its prolonged pause by maintaining the Official Cash Rate at 1.75% The rhetoric from the central bank has been light since the last meeting where it reiterated it expects to keep the OCR at the current level into 2020 The central will also be pleased by the jump in CPI during Q2 to 1.9% which is in close proximity to the mid-point of the RBNZ’s 1-3% inflation target (RANsquawk)