We expect the RBNZ to keep the overall stance of monetary policy unchanged. However, it will also have to revise up its near-term economic forecasts.
With economic data on the lighter side, geopolitics and the passage of the COVID-19 stimulus package in the U.S remain in focus.
Trade data out of China and U.S nonfarm payrolls are the key stats on the day. Expect geopolitics to also influence, however.