Reserve Bank of New Zealand (RBNZ) expected to cut reduce interest rates by 50bp on Feb 19 ...Middle East

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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 2025

New 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)

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The RBNZ cash rate:

This article was written by Eamonn Sheridan at www.forexlive.com.

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