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At it’s November policy rate meeting the RBNZ voted 5-1 to cut the Official Cash Rate (OCR) by 25 basis points to 2.25%. The two policy alternatives considered were the 25bp cut, or keeping the OCR unchanged at 2.50%. RaboResearch had forecast a 25bp cut, along with 22 out of 24 economists surveyed by Bloomberg. One economist had projected a larger 50bp cut and one was projecting the OCR to remain unchanged.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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