RBNZ May Settle on a 50bp Rate Cut Next Week, HSBC Says -- Market Talk

Dow Jones11-22 13:52

0552 GMT - With New Zealand's current cash rate still well above neutral, HSBC economist Paul Bloxham reckons further easing by its central bank is likely. In its August monetary policy statement, the Reserve Bank of New Zealand indicated a neutral estimate of around 3.4% versus the current cash rate of 4.75%, he notes. Also, the subsequent RBNZ meeting after next week is three months later. Hence, the RBNZ's board could consider cutting by 25 bps, 50 bps or 75 bps on Nov. 27 but will likely settle on a 50bp move, Bloxham says. This would balance the risks to both growth and inflation, he says. RBNZ's pace of easing may slow through 2025 as the economy continues to recover with the rate at 3.25% by end-2025, he adds. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

November 22, 2024 00:52 ET (05:52 GMT)

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Hence, the RBNZ's board could consider cutting by 25 bps, 50 bps or 75 bps on Nov. 27 but will likely settle on a 50bp move, Bloxham says. This would balance the risks to both growth and inflation, he says. RBNZ's pace of easing may slow through 2025 as the economy continues to recover with the rate at 3.25% by end-2025, he adds. 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In its August monetary policy statement, the...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0348735423.USD","symbol_name":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485288975","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485288975","pubTimestamp":1732254720,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0552 GMT - With New Zealand's current cash rate still well above neutral, HSBC economist Paul Bloxham reckons further easing by its central bank is likely. 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