As Finance Minister Nicola Willis prepares to deliver her second budget today at 2:00 pm, concerns loom over whether bold promises will translate into meaningful economic recovery for New Zealand.
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RBNZ Monetary Policy Statement: Client Briefing
The Reserve Bank of New Zealand delivered the expected 50 basis point cut on Wednesday, acknowledging the economy's need for support. More significantly, they have lowered their Official Cash Rate (OCR) forecast track, signalling an accelerated easing cycle that aligns with market expectations and moves closer to our many economists 3% terminal rate projection.
