Reserve Bank of New Zealand

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March 25, 2025

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Asia/Pacific (ex-China/Japan) Outlook: Resilience Through Realignment
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March 25, 2025 10:44 AM UTC

·       In 2025, growth across emerging Asia will remain steady but uneven, with investment-driven economies such as India and Malaysia outperforming on the back of infrastructure and industrial policy momentum. While global demand is set to recover modestly, geopolitical friction and tariff

February 19, 2025

RBNZ Review: Continue the Easing Cycle
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February 19, 2025 5:59 AM UTC

RBNZ cut its cash rate by 50bp to 3.75%

December 19, 2024

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Asia/Pacific (ex-China/Japan) Outlook: Trump Tariffs, China +1 and Growth
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December 19, 2024 10:57 AM UTC

Emerging Asian economies are projected to lead global growth in 2025, with India and Southeast Asia at the forefront. These regions will anchor resilience in Asia, even as China's economic growth remains moderate.  
Inflation trajectories will vary across Asia, with India experiencing sticky prices

November 27, 2024

RBNZ Review: Front Loading Cuts
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November 27, 2024 4:30 AM UTC

RBNZ cut its cash rate by 50bp to 4.25%

October 09, 2024

RBNZ Review: Cutting Along the Playbook
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October 9, 2024 1:46 AM UTC

RBNZ cut its cash rate by 50bp to 4.75%

September 25, 2024

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Asia/Pacific (ex-China/Japan) Outlook: Shifting Gears for Growth
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September 25, 2024 7:57 AM UTC

Emerging Asian economies are poised to remain the fastest growing globally. India and Southeast Asia will drive regional resilience amid China’s cooling growth engine in 2025. For India, while the external environment remains challenging due to weaker global demand and geopolitical tensions, domes

August 14, 2024

RBNZ Review: Begin Cutting
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August 14, 2024 4:32 AM UTC

RBNZ cut its cash rate by 25bp to 5.25%

July 10, 2024

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RBNZ Review: Signals easing soon
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July 10, 2024 4:20 AM UTC

RBNZ kept rates unchanged at 5.5% and suggest inflation approaching target range

June 21, 2024

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Asia/Pacific (ex-China/Japan) Outlook: Growth Momentum but Delayed Rate Cuts
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June 21, 2024 9:45 AM UTC

•    Economic activity in emerging Asian economies is forecast to remain strong. Despite several challenges, including a tight oil market, constrained liquidity conditions, and delayed rate cuts, the region's economic activity is expected to show resilience. Other potential obstacles include u

May 22, 2024

RBNZ Review: Higher Rates for Longer
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May 22, 2024 5:18 AM UTC

RBNZ kept rates unchanged at 5.5% but revised OCR path in 2025 almost one 25bps hike higher

April 10, 2024

RBNZ Review: Keep Rates Restrictive
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April 10, 2024 5:48 AM UTC

RBNZ kept rates unchanged at 5.5% and suggest OCR to stay restrictive for a sustained period of time

March 22, 2024

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Asia/Pacific (ex-China/Japan) Outlook: Election Spending to Drive Growth
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March 22, 2024 12:18 PM UTC

·       In 2024, growth trends across emerging Asia will exhibit a mixed pattern. Encouragingly, there will be a resurgence in demand for global electronics following a period of stagnation in 2022‑23, which will provide a boost to regional trade. Moreover, the initiation of monetary policy

February 28, 2024

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RBNZ Review: No Hikes in Sight
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February 28, 2024 4:59 AM UTC

RBNZ kept rate unchanged but revised inflation forecast higher
ANZ and TD proven wrong

December 18, 2023

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Asia/Pacific (ex-China/Japan) Outlook: Going Big, Going Strong
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December 18, 2023 10:05 AM UTC

·       Following a stellar performance in 2023, the momentum of economic activity in emerging Asian economies is anticipated to remain broadly stable, albeit lose some sheen in the subsequent quarters. The economic activity levels should be sustained despite a tight oil market and a potentia

November 29, 2023

RBNZ Review: OCR Revised Higher
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November 29, 2023 6:01 AM UTC

RBNZ kept rate unchanged but revise OCR forecast higher

November 16, 2023

Long-term Forecasts to download in Excel
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November 16, 2023 10:38 AM UTC

Here is a link to an Excel file that contains our headline forecasts for GDP Growth, Inflation, Monetary Policy, and Exchange Rates.

October 04, 2023

RBNZ Review: Unchanged as expected
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October 4, 2023 6:01 AM UTC

RBNZ leaves its cash rate target unchanged at 5.50% as expected

September 27, 2023

Asia/Pacific (ex-China/Japan) Outlook: Public Spending to be Catalyst
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September 27, 2023 2:11 PM UTC

Forecast changes: Strong H1-2023 performance and cooling price pressures have prompted changes to our growth and monetary policy forecasts. Both India and Indonesia’s 2023 GDP growth forecast have been revised upward, and we now expect a rate cut in early 2024. 

June 21, 2023

Asia/Pacific (ex-China/Japan) Outlook: Defying Global Headwinds
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June 21, 2023 11:01 AM UTC

May 24, 2023

RBNZ Review: Peak Rates are Here
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May 24, 2023 6:29 AM UTC

RBNZ hiked by 25bps to 5.5%

February 22, 2023

In-Depth Research: Quick Roadmap Central Bank Forecast/Rationale - February 2023
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February 22, 2023 10:44 AM UTC

M/T Quick Roadmap – Fundamental MMKT/CB Roadmap and Rationale
February 2023
US FEDERAL RESERVE
The February 1 December FOMC meeting saw the pace of tightening slowed to 25bps. Inflation has slowed, but January's CPI details still show broad based inflationary pressures at a pace well above the Fed's