Created
: 2025.05.29
2025.05.29 18:29
As widely expected, the Reserve Bank of New Zealand (RBNZ) decided to lower the Official Cash Rate (OCR) for a sixth straight meeting by 25bps to 3.25%. The decision was not unanimous, with one of the six Monetary Policy Committee members voting against the cut, marking only the second time an OCR decision has gone to a vote, UOB Group's economist Lee Sue Ann reports.
"In a widely expected move, the Reserve Bank of New Zealand (RBNZ) cut interest rates by 25 bps to 3.25%. The decision was not unanimous, with one of the six Monetary Policy Committee members voting against the cut, marking only the second time an OCR decision has gone to a vote."
"The RBNZ signaled it might need to ease further due to higher tariffs and increased uncertainty. The central bank's forward guidance shows the average OCR falling to 2.92% by the end of the year."
"There will be no monetary policy meeting in Jun, and the next time the RBNZ meets will be on 9 Jul, where we are expecting another 25 bps cut. At this juncture, our view is that this will likely be the last 25 bps cut, though risks are tilted towards a lower OCR trough due to increased uncertainty."
Created
: 2025.05.29
Last updated
: 2025.05.29
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy