RBNZ to hold rates in Oct, cut in December - Westpac

FXStreet (Bali) - Following RBNZ Governor Graeme Wheeler's speech earlier today, Westpac economists continue to endorse their core view of rates being on hold at the Oct 29 meeting, while calling for a cut of 25bps in December. Their in-house rates forecast for 2016 is now under revision, with results subject to pending Q3 inflation data (due Friday) "with an eye to shifting towards forecasting OCR cuts below 2.5% at a later time", the bank said.