While Australian central bankers have warned of possible future hikes, across the Tasman, New Zealand could cool its official cash rate as soon as this week.
The Reserve Bank of New Zealand (RBNZ) will announce on Wednesday afternoon whether it believes it has seen enough data to warrant reductions to the oppressive 5.5 per cent OCR.
At 70 per cent, markets have priced in a better-than-not chance of a cut, which would be the first downwards movement in over four years.
