Jobs figures firm up expectations for further RBNZ rate cuts

Next rate decision is May 28. (Image: NZME)

Wed, 07 May 2025

The first quarter jobs data firmed data up expectations the central bank will keep cutting the official cash rate. “It all reinforces the need for further monetary policy easing,” said Kiwibank economists. The Reserve Bank of New Zealand is widely expected to cut rates by a further 25 basis points to 3.25% on May 28. Most economists are expecting several more cuts to follow. Unemployment remained unchanged at 5.1% in the March quarter, Stats New Zealand said on Wednesday. Most economists had tipped it to be 5.3...

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