ANZ forecast 25bp RBNZ rate cuts in February, April, and May 2025 ...Middle East

ANZ forecast 25bp RBNZ rate cuts in February, April, and May 2025.In summary from the bank's analysis of today's RBNZ decision The RBNZ cut the Official Cash Rate (OCR) 50bp to 4.25% today in what the Record of Meeting notes was a consensus decision. The RBNZ’s updated forecast OCR track has about -40bp implied for the February MPS, with a slower pace thereafter down to around 3.0%, as before. A comment from the Governor at the press conference suggested that a 50bp cut in February is the baseline expectation. The RBNZ revised down their GDP forecast from the latter part of 2025 onwards. But at the same time, they were more pessimistic about the supply side, meaning their output gap forecas

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