RBNZ official says interest rates falling, credit conditions becoming more favourable

Reserve Bank of New Zealand Financial markets director Richardson:

• Transmission of recent OCR cuts to domestic financial conditions playing out largely as expected
• Financial conditions in New Zealand have loosened with interest rates falling and credit conditions becoming more favourable
• We have the tools to set domestic monetary policy where it needs to be to ensure price stability

The RBNZ have continued their rate cut cycle in response to economic growth challenges. The most recent cut was on October 8:

• RBNZ cuts New Zealand cash rate by 50bp, more than expected

The next policy meeting is on November 26. There is a long break then until the 18 February 2026 meeting.

This article was written by Eamonn Sheridan at investinglive.com.



Source_link