Reserve Bank of New Zealand has cut its Offical Cash Rate by 25 bps. Market pricing had tipped this, while most analyst did not.
Added – a few tech gremlins have beset me … I’ve posted all the statement and minutes main points separately, here:
ICYMI – RBNZ cut its cash rate by 25bp, market consensus was for on hold
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Background on this:
Reserve Bank of New Zealand decision due soon. Which will it be, a dovish hold or a cut?Reserve Bank of New Zealand meet today – BNZ calls for an immediate rate cutRBNZ monetary policy meeting – Reuters poll is not clear cut, 19 say hold, 12 say 25bp cutANZ forecast the RBNZ to remain on hold next week, signal a rate cut later in the yearNZD traders – Westpac forecasts the RBNZ to cut by 25bps in October and November 2024New Zealand – RBNZ shadow board split on Reserve Bank interest rate cut
This article was written by Eamonn Sheridan at www.forexlive.com.
