RBNZ Expected To Cut Interest Rates To 2.25% In November
BeInCrypto
The Reserve Bank of New Zealand is anticipated to cut the Official Cash Rate by 25 basis points to 2.25% at its November meeting.Summary
The Reserve Bank of New Zealand (RBNZ) is widely expected to cut the Official Cash Rate (OCR) from 2.5% to 2.25% following its November monetary policy meeting. This anticipated 25-basis-point reduction would follow a 50-bps cut in October, driven by a slowing economy and confidence that inflation is manageable, despite Q3 annual CPI hitting 3.0%. Economists, like those at Westpac NZ, foresee this cut and a potential downward revision in the OCR projection track, suggesting a mild easing bias into 2026. The market is closely watching the RBNZ's guidance on future easing, as the New Zealand Dollar (NZD) is currently near seven-month lows due to these rate cut expectations.
(Source：BeInCrypto)