Weekly Economic Commentary 15 July 2024
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The Reserve Bank of New Zealand (RBNZ) is expected to ease policy earlier than previously anticipated due to downgraded growth forecasts and a more confident outlook on inflation. The RBNZ's abrupt change in messaging suggests a non-trivial risk of policy easing before long. While the central expectation is for policy easing to begin in February next year, an earlier move is very feasible and will be data dependent.

#Rbnz #MonetaryPolicy #EconomicOutlook #Inflation #GrowthForecasts

https://www.westpaciq.com.au/economics/2024/07/weekly-economic-commentary-15-july-2024