Reserve Bank of New Zealand to cut cash rate by 25 bps to 3.25% on May 28, said 29 of 30 economists
- RBNZ to cut cash rate to 2.75% in Q4 2025, median forecast shows
- RBNZ to cut cash rate to 3.00% in Q3 2025, say 18 of 27 economists
This via Reuters latest polling.
The background to these forecasts is inflation well within the Reserve Bank of New Zealand's target range of 1% to 3%, and unemployment at a 4.5-year high of 5.1%. This is giving the Bank scope to continue the interest rate cuts it began in August last year to help bolster an economy that only just avoided falling into recession in the fourth quarter.
