RBNZ steps up the pace of monetary policy easing, Quarterly Predictions - December 2024

The continued easing of inflation pressures in the New Zealand economy has allowed the Reserve Bank of New Zealand (RBNZ) to ramp up its pace of interest rate cuts. Annual CPI inflation is back within its 1 to 3 percent inflation target band, and indicators point to a further easing in broader inflation pressures. 

Quarterly Predictions is an independent review of New Zealand’s economic outlook and includes comprehensive forecasts of the economy. The full publication is available exclusively to NZIER’s members.