Rate Cut a Shoo-in as Kiwi Economy Searches for Spark

Rate cut a shoo-in as Kiwi economy searches for spark

With an economy shrinking and unemployment at eight-year highs, New Zealand's central bank is all but certain to cut rates at its last meeting of the year.

NZ Central Bank Expected to Cut Rates

New Zealand’s Reserve Bank is widely anticipated to cut interest rates this week, potentially paving the way for further reductions in 2026 if the nation’s economy fails to gain traction. According to a Bloomberg survey, 21 out of 24 economists predict the Monetary Policy Committee will lower the official cash rate (OCR) by 25 basis points to 2.25 per cent at its meeting this Wednesday in Wellington. Two economists forecast a more aggressive cut…