Flash: RBNZ to reaffirm tightening bias, rate hikes a 2014 story - ANZ

FXstreet.com (Barcelona) - According to ANZ Strategists, RBNZ is unlikely to be dovish today, but 'set against a backdrop of financial markets pressing for aggressive rate hikes, we suspect it'll come in on that side of the fence.'

ANZ thinks markets will be slow to buy into that story given the one-way direction of the data flow.

Overall, ANZ Strategists expect 'the RBNZ to reaffirm its tightening bias but an intention to remain on hold for the rest of 2013' adding 'Rate hikes are coming, but the timing remains conditional to a number of factors, and the bank will want to maintain flexibility over the timing of hikes, which remain a 2014 story.'