Goldman Sachs Research previews next week's October RBNZ meeting.

"In New Zealand, the focus will be on the October Monetary Policy Review. We expect the RBNZ to increase the Official Cash Rate by 25bp to 3.00%," GS notes.

"In terms of the decision statement itself, we expect the statement to maintain an overall hawkish bias in October, emphasising the pick-up in core inflation, elevated oil prices and a weaker currency. At the same time, we expect these remarks to be balanced out by commentary noting the unevenness in the economic recovery and a still-soft labour market...Further out, we forecast one final 25bp rate hike in December to a terminal rate of 3.25%," GS adds.