RBNZ survey respondents expect bank to cut policy rate
Business leaders and forecasters also expect weaker inflation in New Zealand over medium term
New Zealand’s business leaders and forecasters see a rate cut on the horizon and expect weaker inflation over the medium term, according to a survey published today (August 7) by the central bank.
The quarterly survey by the Reserve Bank of New Zealand (RBNZ) canvassed 40 respondents who, on average, expected the benchmark policy rate to fall from 3.25% to 3.02% by the end of September, and for it to reach 2.86% by the end of June 2026.
The central bank’s monetary policy committee set the current
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