Kiwis See Another Rate Cut As The RBNZ Takes A Different Path!

November 28, 2024 • 00:13:26
Kiwis See Another Rate Cut As The RBNZ Takes A Different Path!
Digital Finance Analytics (DFA) Blog
Kiwis See Another Rate Cut As The RBNZ Takes A Different Path!

Nov 28 2024 | 00:13:26

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Show Notes

The New Zealand Reserve Bank’s Monetary Policy Committee lowered the Official Cash Rate to 4.25% from 4.75%. The bank’s updated projections are consistent with another 50-point reduction at its next decision on Feb. 19, Governor Adrian Orr told reporters at a press conference. “But it’s also conditional on economic projections panning out,” he said. “Economic growth is expected to recover during 2025, as lower interest rates encourage investment and other spending,” the bank said. “Employment growth is expected to remain weak until mid-2025 and, for some, financial stress will take time to ease.” This is a very different path compared […]
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