RBNZ assessment boosts NZD to fresh high

Key highlights The big event last week was the RBNZ's Monetary Policy Statement. RBNZ more comfortable that the wider economy is starting to pick up but less comfortable about the inflation outlook. Both factors raise the risk of an earlier tightening than we had previously thought: first hike now forecast in January 2012.     Report prepared by: Christina Leung ASB Economist Phone: +64 9 369 4421 Fax: +64 9 302 0992