NZ: Change of OCR call – RBNZ to cut 50bp in October

We now think the RBNZ will cut 50bp in October and 25bp in November (previously we expected 25bp cuts at both of those meetings). This change follows weaker than expected GDP growth in Q2. Very weak GDP implies greater than expected economic slack in Q2. We now think the RBNZ will cut 50bp in October […]

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