* OCR review to maintain 2014 rate hike message
* LVR impact to date no more than anticipated?
* Business survey to stay stout
* Watch FOMC, China’s PMI, Australian housing
Thursday morning’s RBNZ OCR Review is likely to affirm the tightening tenor of the September Monetary Policy Statement. Sure, the exchange rate has ramped back up a bit since then. But the economic pointers are at least as strong, inflation has picked up a bit, and it’s too early to judge the impact of the loan-to-value ratio (LVR) mortgage lending restrictions.
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BNZ