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

Citing:

  • 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"

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Note

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