The RBNZ is expected to announce its interest rate decision rate today, at 21:00 (GMT).

RBNZ is expected to remain on hold, keeping interest rates at +1.75%.

Market is currently pricing in the probability for the bank to remain on hold by 99.18%, according NZD OIS.

On the financial side the current inflation rate has accelerated to +1.5% yoy in Q2 (from prior reading of +1.1% yoy for Q1), advancing towards the bank’s target median of 2% ±1%yoy.

Also unemployment (Q2,2018) remains at low levels (4.5%) and the GDP (Q1,2018) is at tolerable levels (+2.7% yoy, unchanged since previous interest rate decision).

Should there be an accompanying statement with a neutral to hawkish tone, we could see the Kiwi strengthening.