Reserve Bank of New Zealand forecast to chop by 50bp in February, then by 25 in April & May

Headline is here from earlier:

• Westpac forecasts the Reserve Bank of New Zealand to cut cash rate to 3.25% by May 2025

Adding a little more in now:

• RBNZ to cut by 50bp at the February meeting, to 3.75%
• to cut by 25bp at the April meeting, to 3.5%
• to cut by 25 bp at the May meeting, to 3.25%

On the New Zealand recession, WPAC are optimistic that economic growth picks up in Q4.

RBNZ H1 2025 dates:

This article was written by Eamonn Sheridan at www.forexlive.com.