Another analysts adds to RBNZ rate cut forecasts

Author: Eamonn Sheridan | Category: Central Banks

Capital economics had been forecasting a Reserve Bank of New Zealand   interest rate cut in February 2020 of 25bps

  • Adding a further cut forecast now, for May 2020, again for 25bps
  • economic activity and inflation both subdued
  • unemployment rate rising fast
  • but "if the government doesn't step up its game soon, the risks are clearly skewed toward the Bank cutting more, perhaps even into negative territory"
RBNZ next meet on November 13
  • OCR & MPS Media conference
then … the next is 3 months later on 12 February 2020
  • OCR & MPS Media conference
orr Reserve Bank of New Zealand

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