At this stage we don't see it as a game-changer in the sense that our underlying economic analysis and views should be thrown out of the window and we should start again
In contrast, the Reserve Bank of Australia (RBA) keeps insisting its rates will not rise until 2024 given a much softer long-term outlook for inflation and wages
The local share price index futures rose 0.1pc, a 77.1-point discount to the underlying S&P/ASX 200 index close. The benchmark closed relatively flat on Tuesday.
The Reserve Bank of Australia (RBA) holds its June meeting next week and is expected to reiterate that rates are unlikely to rise until 2024, two years after the RBNZ's projection.