Forex
globalreutersAugust 14, 20241 Mins read
Reserve Bank of New Zealand announce cash rate cut to 5.25%
globalreutersAugust 14, 20241 Mins read Reserve Bank of New Zealand has cut its Offical Cash Rate by 25 bps. Market pricing had tipped this, while most analyst did not.
Added – a few tech gremlins have beset me … I’ve posted all the statement and minutes main points separately, here:
—-
Background on this:
- RBNZ monetary policy meeting – Reuters poll is not clear cut, 19 say hold, 12 say 25bp cut
- ANZ forecast the RBNZ to remain on hold next week, signal a rate cut later in the year
- NZD traders – Westpac forecasts the RBNZ to cut by 25bps in October and November 2024
This article was written by Eamonn Sheridan at www.forexlive.com.
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