eFXdata reports that ANZ Research discusses its expectations for RBNZ policy meeting.

"In New Zealand, the RBNZ faces a different set of circumstances. The need to dampen over-exuberance has led to wide-spread expectations that it will soon deliver the first OCR hike since 2014. For the NZD, the question is how much is already in the price. The market is pricing a roughly 25% chance of 50 basis point move, we think this is unlikely. With such aggressive expectations heading into the meeting, it’s difficult to see how the RBNZ can deliver a hawkish surprise," ANZ adds.