08:31 AM EDT, 10/02/2024 (MT Newswires) -- UBS said it now expects the Reserve Bank of New Zealand to increase the pace of easing with a 50bps cut next Monday, followed by another 50bps at the Nov. 27 decision.
Markets expect roughly 92bps of easing by year-end versus about 84bps after the Aug. 14 RBNZ reduction of 25bps, stated the bank.