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Analysts at Westpac offered a snapshot of their preview for next week’s RBNZ.

Key Quotes:

“At next week’s Monetary Policy Statement, the RBNZ will probably repeat that it expects to keep the OCR at its current low level for a long while.”
“We also expect the RBNZ to restate that the next move in the OCR could be “up or down”.
“The OCR forecast will likely be unchanged, or perhaps could be shifted a tiny smidgen lower.”
“The economy has delivered mixed messages recently, with growth slowing but inflation pressures rising. These forces will broadly offset one another in the RBNZ’s thinking.”
“Like us, markets are primed for a neutral to slightly dovish Statement.”