On November 22nd, according to the views of HSBC economist Paul Bloxham, due to New Zealand’s current cash Interest Rate still being far above the neutral level, he believes that the Reserve Bank of New Zealand may further ease monetary policy. He pointed out that the next meeting after next week will be held three months later. Therefore, Bloxham said that the Reserve Bank of New Zealand may consider cutting Interest Rate by 25 basis points, 50 basis points or 75 basis points on November 27th, but may ultimately choose a magnitude of 50 basis points. He said that this will balance the risks of rise and inflation. He added that as the economy continues to recover, the Reserve Bank of New Zealand’s speed of cutting Interest Rate may slow down by 2025, and the Interest Rate may fall to 3.25% by the end of 2025.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
