RBNZ Governor Hawkesby said the next two meetings are live, with no decisions yet made.
He said the OCR projection troughs around 2.5%, consistent with further cuts.
Whether cuts come faster or slower will depend on the data.
He noted the bank has never had a 4–2 vote before.
Hawkesby said there is a range of views around the risks to the outlook.
Here is a quick rundown of the statement and the minutes that I posted ealier.
And for those who like to nerd out at the numbers like me, here is a post highlighting the key changes in the May and August policy reports.
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