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Reuters
Reuters
Business

Westpac changes call again, sees New Zealand rate cut this week

FILE PHOTO: Pedestrians walk near the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray/File Photo

WELLINGTON (Reuters) - Westpac economists changed their call on New Zealand interest rates again on Tuesday and now expect a rate cut at the Reserve Bank of New Zealand's (RBNZ) policy meeting on Nov. 13.

The shift from the lender comes after New Zealand's near-term inflation expectations fell in the fourth quarter, in a survey released earlier on Tuesday.

Westpac last month changed its call saying it expected no cut in the Nov. 13 meeting.

(Reporting by Praveen Menon; Editing by Himani Sarkar)

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