Barclays Research discusses its expectations for today's RBNZ April policy meeting.
"With the RBNZ effectively closing the door to further easing at its February meeting, we expect no change to policy settings. The bank will likely reiterate that policy will remain accommodative given continuing uncertainties," Barclays notes.
"However, we think the bank will also emphasise that it is not looking to normalise policy settings anytime soon. Notably, this will be the first meeting in which the RBNZ will be required to outline the impact of its decisions on house prices," Barclays adds.