RBNZ sidelined as Eurozone plays out

Key highlights Pre-election Economic and Fiscal update will highlight challenging fiscal outlook as the global economic outlook deteriorates. Inflation pressures subdued over Q3, reducing urgency for OCR increases. RBNZ to leave OCR on hold due to weaker domestic back drop and ongoing uncertainty stemming from Eurozone.     Report prepared by: Jane Turner ASB Economist Phone: +64 9 301 5660 Fax: +64 9 302 0992