RSS RBNZ OCR Change of Call: Weak GDP Implies a Lower Trough in the OCR

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 RSS RBNZ OCR Change of Call: Weak GDP Implies a Lower Trough in the OCR

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The OCR looks set to end 2025 at 3.25% – lower than previously thought. We continue to see a 50bp cut in February but now think it will be followed up with 25bp cuts in April and May 2025. GDP printed sharply lower in Q2 and Q3 2024 – falling a cumulative 2.1%. The RBNZ […]

The post RBNZ OCR Change of Call: Weak GDP Implies a Lower Trough in the OCR appeared first on Action Forex.
 
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