Interest Rate Cuts 2024 Nz. The rbnz's forward guidance suggested at least three more cuts by the middle of next year, projecting the cash rate at 4.9% in the fourth quarter of 2024 and 4.4% in the. We use the ocr to achieve and maintain price stability.

Expectations increase for a 2024 rate cut. The 0.25 per cent drop brings the official cash rate in new zealand to 5.25 per cent, with the rbnz flagging it is now forecasted to be below 4.5 per cent by the middle of next year.