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UBS Now Sees New Zealand's Central Bank Increasing Pace of Easing Next Week
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UBS Now Sees New Zealand's Central Bank Increasing Pace of Easing Next Week
Oct 2, 2024 10:58 PM

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.

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