ANZ forecast further rate cuts from the RBNZ

Author: Eamonn Sheridan | Category: Central Banks

ANZ in New Zealand on the Reserve Bank of New Zealand  

  • have changed OCR call 
  • expect 25bp cuts in not only November, but also February and May
  • taking the OCR to 0.25%,
Note also:
We would not rule out another cut as soon as September, but it is not our
central view.

This is sending the NZD a little lower

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