ING: The RBNZ May Wait for the Fed to Move Before Lowering Rates
Publication Time:2024-08-12 11:22:05
Cointelegraph reports that the RBNZ is set to announce its interest rate decision on Wednesday. Market participants are divided on whether the central bank will lower rates by 25 basis points or keep them unchanged. According to the analysis by ING, considering the ongoing concern about inflation, the RBNZ might choose to wait for the Fed to make a move first. It is speculated that in October, the RBNZ could cut rates by 50 basis points, which would be considered a more aggressive strategy. However, there is also a possibility of a 'hawkish' rate cut, meaning that in the face of inflationary pressures, the RBNZ might opt for more conservative measures.
Federal Reserve
Interest Rate Cut
Reserve Bank of New Zealand
concerns over inflation
policy decision