Economic calendar in Asia Monday, November 25, 2024 ...Middle East

New Zealand retail sales data for Q3 is the highlight. Retail spending in NZ has been pressured by high rates and a weak economy, and this is expected to show in the data again today, despite the RBNZ kicking off its easing cycle in August:The RBNZ reduced the Official Cash Rate (OCR) by 25 basis points, bringing it down to 5.25%. This marked the first rate cut since March 2020, signaling a shift from the previous tightening stance.with another cut in October:In response to a weakening economy and subdued inflation, the RBNZ implemented a more substantial cut of 50 basis points, lowering the OCR to 4.75%. This decision aimed to provide additional stimulus to the economy.Another cut, likely 5

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