Goldman Sachs predicts continued NZD weakness as RBNZ maintains dovish stance ahead of policy meeting.
RBNZ Governor Breman said the bank will look through oil price shock and expects slack to curb near‑term inflation pressures.
Headline inflation remains near 3%, at the top of RBNZ’s target range, while NZ labor market softens most among G10.
Goldman’s analysis warns NZD is vulnerable to higher US yields, rising oil prices and tightening financial conditions, pressuring the currency.