RBNZ’s Hawkesby Reiterates Cash Rate Seen at 2.5% by Year’s End

RBNZ’s Hawkesby Reiterates Cash Rate Seen at 2.5% by Year’s End

Reserve Bank of New Zealand Governor Christian Hawkesby reiterated that the bank’s central projection is for the Official Cash Rate to fall by another half-percentage point by year’s end, though the pace of reductions will depend on incoming data.