0100 GMT2000 US Eastern time
Reuters poll, in brief:
Economists forecast an additional 75 bps of cuts this year, totaling 250 bps since August last year.
At 2.2% last quarter, inflation is within the RBNZ’s 1%-3% target range, providing room for rate cuts.
All major banks (ASB, ANZ, BNZ, Kiwibank, and Westpac) project a 50 bps cut.
18 of 27 respondents predict rates at 3.00% or lower by year-end, while seven expect 3.25%, and two see 3.50%.
Earlier:
Reserve Bank of New Zealand preview - likely the final 50bp interest rate cutNew Zealand inflation expectations remained subdued in Q1 2025New Zealand Food Price Index (FPI) for January 2025: +1.9% m/m (prior +0.1%)Business NZ January Manufacturing PMI 51.4 (vs. prior 45.9)
***
The RBNZ cash rate:
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Reserve Bank of New Zealand (RBNZ) expected to cut reduce interest rates by 50bp on Feb 19 )
Also on site :