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RBNZ

December 2024

RBA governor Michele Bullock.

Traders dial up bets for February RBA rate cut

Money markets are slowly dialling up expectations for an early cut from the Reserve Bank in 2025. It’s a different story for New Zealand, which is now in a recession.

  • Updated
  • Cecile Lefort and Sarah Jones

November 2024

RBNZ governor Adrien Orr cut the cash rate for the third consecutive meeting on Wednesday.

Here’s what the RBA might do after RBNZ’s latest cut

The Reserve Bank of New Zealand cut its benchmark to 4.25 per cent, bringing it under the Australian rate for the first time in a decade.

  • Updated
  • Cecile Lefort
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Inflation holds at 2.1pc; Biden confirms ceasefire; 15 ASX tech stars

Read everything that’s happened in the news so far today.

Bitcoin has been testing the $US100,000 mark as Donald Trump appoints senior figures to his administration who support the cryptocurrency’s development.

ASX to rise as bitcoin nears $US100,000 for the first time

The S&P/ASX 200 Index will extend a record run following Donald Trump’s appointment of crypto enthusiast Scott Bessent as US Treasury secretary over the weekend.

  • Updated
  • Cecile Lefort
RBNZ governor Adrian Orr could surprise with a hefty rate cut next week.

Who is the most aggressive rate-cutter in the world?

Traders give a one-in-five chance the Reserve Bank of New Zealand will slash rates by a hefty 0.75 percentage points next week due to a worsening economy.

  • Updated
  • Cecile Lefort
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October 2024

A jump in employment in September helped keep the jobless rate unchanged at a revised-down 4.1 per cent.

Australia’s world-beating jobs market to keep interest rates high

Economists say Australia has one of the strongest jobs markets in the world after employment growth hit a 16-month high.

  • Updated
  • Michael Read
The Reserve Bank of New Zealand is expected on Wednesday to ramp up the pace of an already-aggressive policy tightening with a 0.75 percentage points lift.

New Zealand tipped to slash rates the most since COVID-19

More economists are calling for the cash rate to be cut by 0.75 percentage points next month to stop the rapid economic slowdown.

  • Cecile Lefort
Investors expect drastic interest rate cuts by the Reserve Bank of New Zealand as the economy deteriorates.

Markets bet on drastic cuts after NZ slashes rates

The kiwi hit a seven-week low after New Zealand’s jumbo rate cut, but Citi is tipping the RBNZ could go another 75 basis points next month to arrest slowing growth.

  • Cecile Lefort

August 2024

Barrenjoey chief economist Jo Masters says the NZ economy is incredibly challenging, but expects the slowdown will be softened by a series of rate cuts.

NZ gloom weighs on ASX-listed companies

Earnings season has revealed how tough conditions are in New Zealand. The question is what that means for Australia.

  • Jemima Whyte
It has been a wild ride on the sharemarket this year, with corporate profits buoying prices this month.

Resilient corporate profits are masking the ASX’s shaky foundations

Earnings season reveals local groups are performing better than expected. Weakness in China and a fall in Commonwealth Bank’s share price could undo the gains.

  • Jonathan Shapiro
Adrian Orr, governor of the Reserve Bank of New Zealand.

New Zealand cuts rates in a rapid change of tune

The RBNZ’s pivot to easing is a dramatic shift after it said in May it considered raising rates and wouldn’t cut them until the second half of 2025.

  • Updated
  • Tracy Withers
RBNZ’s Adrian Orr has cut rates despite predicting back in May that rates would stay put until 2025.

Rapid rate cuts expected in New Zealand as economy teeters

The kiwi tumbles against both Australian and US dollar after the NZ Reserve Bank cut rates and tips the economy will fall back into recession in 2024.

  • Cecile Lefort
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CBA breaks from the pack; ASIC sues ASX Ltd; AGL profits surge

Read everything that’s happened in the news so far today.

Earnings season will begin to give investors and economists a glimpse into the health of consumers and corporate profits.

ASX to rise as earning season sheds light on health of economy

Traders will also look at unemployment figures to be released this week as an indicator of whether the Reserve Bank is preparing to cut – or raise – rates.

  • Cecile Lefort
Reserve Bank governor Michele Bullock will front media after the central bank’s latest decision this week.

RBA to hold rates steady as inflation gets closer to target

The central bank is expected to oversee a “straightforward” meeting this week, after last week’s inflation result took the heat out of tightening fears.

  • Joshua Peach
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July 2024

New Zealand inflation slows to three-year low

Three of the country’s main banks brought forward forecasts for RBNZ rate cuts after the inflation report.

  • Matthew Brockett
Fed chairman Jerome Powell appears more confident than RBA’s Michele Bullock on inflation.

Bond market dials up US rate cut bets; RBA left behind

Goldman Sachs says there is now “solid rationale” for the Federal Reserve to start cutting rates this month. It’s a different picture in Australia, where markets are still pricing in a rate rise.

  • Sarah Jones
Adrian Orr, governor of the Reserve Bank of New Zealand.

New Zealand eyes August rate cut after ‘dovish pivot’

Market pundits have ramped up bets that the RBNZ may cut interest rates as soon as next month after the central bank said it was confident that inflation will return to target.

  • Sarah Jones
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Wall Street’s big run; Incitec dumps sale talks; Inside Biden’s fight

Read everything that’s happened in the news so far today.

June 2024

New Zealand shakes off recession but no relief yet

Gross domestic product gained 0.2 per cent from the previous quarter, when it declined 0.1 per cent, Statistics New Zealand said on Thursday.

  • Updated
  • Tracy Withers

Original URL: https://www.afr.com/topic/reserve-bank-of-new-zealand-1n5h