The Reserve Bank of New Zealand is widely expected to cut its cash rate by 25bp on Wednesday, local time

  • 2pm
  • which is 0200 GMT and 2200 US Eastern time (Tuesday)
  • Governor Hawkesby's press conference will follow an hour later

Earlier previews here:

Adding in a few more anecdotes, these via a Bloomberg (gated) report:

Westpac:

  • “We see the RBNZ’s OCR profile being revised down by around 20 basis points to around 2.9% by the end of 2025”
  • “Beyond this meeting, a data-dependent easing bias seems likely.”

ASB:

  • “Despite tariff de-escalation, we continue to view the US-China trade war as a net negative to the New Zealand economy and inflation over the medium term.”
  • “Pronounced uncertainty means the RBNZ will want optionality on policy moves, so we’d expect cautious, data- and event-dependent commentary on the outlook for monetary policy.”

ANZ:

  • “In this kind of environment, there’s plenty of leeway for strategy to play a role”
  • “We continue to expect that the RBNZ will ultimately deliver an OCR of 2.5%, but we don’t expect them to signal such an outcome at this stage.”
This article was written by Eamonn Sheridan at www.forexlive.com.

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