Neuseeland Zinssatz

The Reserve Bank of New Zealand lowered its official cash rate (OCR) by 50 basis points to 4.25% during its November 2024 policy meeting, marking the third consecutive rate cut this year and aligning with market expectations. The annual inflation rate in New Zealand slowed to 2.2% in Q3 2024, the lowest reading since March 2021, down from 3.3% in the previous quarter. Meanwhile, economic activity in New Zealand remains subdued, with output still below potential and employment growth expected to remain weak through mid-2025. With inflation now close to the midpoint of the policymakers' 1% to 3% target band, combined with weak GDP and labor market figures, the committee is increasingly confident about further easing monetary policy restraints.