RBNZ Slashes Rates to 4.75% Amid Economic Sluggishness
In an effort to prevent further economic slowdown, the Reserve Bank of New Zealand’s (RBNZ) Monetary Policy Committee (MPC) has lowered the Official Cash Rate (OCR) by 50 basis points to 4.75%.
RBNZ likely to cut rates by another 50 basis points at its next meeting: HSBC economist
Paul Bloxham, chief economist for Australia and New Zealand and global commodities at HSBC, says the Reserve Bank of New Zealand is likely to cut rates further in 2025, reaching a policy rate of 3.25% by end-2025 or 3% by early 2026.
RBNZ delivers 50-basis point cut: ‘economic growth is weak’
Borrowers and retailers rejoice after the cut, with the official cash rate expected to fall further in 2025. In the face of a stagnant economy the Reserve Bank has cut the official cash rate from 5.25% to 4.75%.
RBNZ Looks Set to Dial Up Pace of Rate Cuts
Nomura analysts now see a 50 basis point interest rate cut next week from the Reserve Bank of New Zealand as more likely, larger than their previous call for a 25 basis point cut.
RBNZ Seen Stepping Up Rate Cuts on Inflation Undershoot Risk
New Zealand’s central bank will cut interest rates by half a percentage point at each of its two remaining policy meetings this year as risks mount of inflation undershooting its 2% target, economists said.
NZDUSD battles with 200-day SMA after RBNZ’s rate cut
NZDUSD plunged significantly after the RBNZ’s decision to cut interest rates by 50 bps. The pair remained closed to the 0.6100 round number and is holding near the 200-day simple moving average (SMA),
Live news: New Zealand’s central bank cuts rates by 50 basis points
New Zealand’s central bank has cut interest rates by 50 basis points to 4.75 per cent after it said that inflation had returned to its target range. Economists had expected another cut after the 25bp reduction implemented in August as central banks around the world have reduced rates.
New Zealand central bank slashes rates by 50 basis points in second straight rate cut
The RBNZ slashed rates from 5.25% to 4.75% on Wednesday, marking its second straight cut to its interest rate since August.
The Reserve Bank of New Zealand cuts cash rate by 50 basis points to 4.75 per cent
Sky News New Zealand correspondent Jack Nyhof discusses a 50 basis points cut to 4.75 per cent by the Reserve Bank of New Zealand.
NZD/USD forecast: signal after the jumbo RBNZ rate cut
The NZD/USD exchange rate continued its downward momentum after the Reserve Bank of New Zealand (RBNZ) slashed interest rates by 50 basis points. It fell to the important support at 0.6100, much lower than the year-to-date high of 0.
New Zealand steps up pace of rate cuts as economy weakens
New Zealand’s central bank cut interest rates by half a percentage point, stepping up the pace of easing as legislators become more concerned about the economic slowdown.
RBNZ slashes interest rate by 50 bps to 4.75%, as widely expected
The RBNZ is widely expected to lower the Official Cash Rate (OCR) by 50 basis points (bps) from 5.25% to 4.75% following its ...
NZD/USD Hits Seven-Week Low Amid Ongoing Sell-Off And RBNZ Rate Cuts
The NZD/USD pair has dropped to a seven-week low, touching 0.6091, as the sell-off that started on 1 October continues to ...
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FxWirePro: EUR/NZD rallies as RBNZ rate cuts hits kiwi dollar
EUR/NZD rose above 1.8000 level as New Zealand dollar slumped on Wednesday after the countrys central bank cut interest rates ...
NZD/USD Price Forecast: Plunges below 0.6100 on RBNZ 50 bps rate cut
The NZD/USD pair faces an intense sell-off and slides below the round-level support of 0.6100 in Wednesday’s North American ...
The RBNZ Is In Focus This Week | The Kiwi Economy Requires Rate Relief, Quick
Special Topic: Business confidence improves without pricing intentions.
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FxWirePro: NZD/JPY under pressure from RBNZ's dovish 50-bps rate cut
NZD/JPY declined on Wednesday after RBNZs stepped up policy easing with a half-point rate cut. The Reserve Bank of New ...
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RBNZ Eases Monetary Restraint, OCR 4.75%
Media releaseThe Monetary Policy Committee today agreed to cut the Official Cash Rate (OCR) to 4.75 percent. The Committee assesses that annual ...
RBNZ, RBI To Announce Rate Decisions On October 9
Central banks of New Zealand and India are set to announce their policy decisions on October 9, Wednesday. The Reserve Bank of New ...