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RBNZ October 2024 Monetary Policy Review: Key Insights and Future Expectations
The Reserve Bank of New Zealand (RBNZ) has cut the Official Cash Rate (OCR) by 50 basis points to 4.75%, aligning with market expectations. The RBNZ anticipates a further cut in November, potentially bringing the OCR down to 3.75% in early 2025. The bank's assessment highlights subdued economic activity and the need for adjustments in monetary policy to foster a low-inflation environment. Oct 9th 2024
RBNZ Expected to Implement 50bps OCR Cuts in October and November 2023
The Reserve Bank of New Zealand is expected to cut the OCR by 50bps to 4.75% in October and another 50bps to 4.25% in November 2023, as inflation stabilizes and economic conditions improve. Oct 2nd 2024
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