RBNZ under little pressure to cut interest rates at its policy meet this Thursday

The decent near-term outlook for GDP growth and the robust housing market mean there is little pressure on the Reserve Bank of New Zealand to cut interest rates at its policy meeting this Thursday. 

"We expect that rates will be left at 3.5% and that the Bank will retain its neutral policy bias." said Capital Economics 

Meanwhile, after recording a surplus in the first two months of the year, the New Zealand non-seasonally adjusted trade balance (Wed) is likely to swing back into deficit in March.