The Reserve Bank of New Zealand is widely expected to cut its cash rate by 25bp on Wednesday, local time
2pmwhich is 0200 GMT and 2200 US Eastern time (Tuesday)Governor Hawkesby's press conference will follow an hour laterEarlier previews here:
Adding in a few more anecdotes, these via a Bloomberg (gated) report:
Westpac:
“We see the RBNZ’s OCR profile being revised down by around 20 basis points to around 2.9% by the end of 2025”“Beyond this meeting, a data-dependent easing bias seems likely.”ASB:
“Despite tariff de-escalation, we continue to view the US-China trade war as a net negative to the New Zealand economy and inflation over the medium term.”“Pronounced uncertainty means the RBNZ will want optionality on policy moves, so we’d expect cautious, data- and event-dependent commentary on the outlook for monetary policy.”ANZ:
“In this kind of environment, there’s plenty of leeway for strategy to play a role” “We continue to expect that the RBNZ will ultimately deliver an OCR of 2.5%, but we don’t expect them to signal such an outcome at this stage.” This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( More preview remarks on the expected RBNZ 25bp rate cut this week )
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