New Zealand's RBNZ may cut interest rates sooner if US Fed eases, says Chief Economist Paul Conway.
New Zealand's central bank, RBNZ, may cut interest rates sooner than expected if the US Federal Reserve eases later this year, according to Chief Economist Paul Conway. He stated that if the Fed cuts rates while RBNZ doesn't, the exchange rate would appreciate, leading to decreased inflationary pressure and possibly prompting a faster rate cut. RBNZ currently projects no rate reductions until 2025.
March 06, 2024
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