刚刚宣布！降息25个基点

Core Viewpoint - The Reserve Bank of New Zealand has lowered the Official Cash Rate (OCR) by 25 basis points to 2.25%, aligning with market expectations and aimed at supporting consumer and business confidence amid a slower economic recovery [2][4][5]. Monetary Policy Decision - The decision to cut the OCR was made after a discussion between maintaining the rate at 2.5% and lowering it to 2.25%, with a vote of 5 to 1 in favor of the reduction [4]. - The committee believes that lowering the OCR will help bolster consumer and business confidence and mitigate risks associated with a slower economic recovery [5]. Economic Indicators - The annual consumer price inflation rate rose to 3% in the September quarter, reaching the upper limit of the central bank's target range of 1% to 3% [7]. - The OCR's significant reduction since August 2024 is expected to support economic activity recovery, with inflation projected to return to around 2% by mid-2026 [8]. - The committee noted improvements in short-term economic activity indicators, suggesting a moderate GDP growth in the September quarter [8]. Leadership Transition - The recent monetary policy meeting was the last chaired by acting chair Christian Hawkesby, with Anna Blayman set to officially take over as the new chair [11]. - Blayman is perceived as a dovish member from her time at the Swedish central bank, which may signal a tendency towards more accommodative policies in the future [11]. Labor Market and Demographics - New Zealand's unemployment rate rose to 5.3%, the highest since Q4 2016, reflecting weak economic conditions and reduced hiring demand [12]. - There is a notable outflow of young people from New Zealand, with approximately 73,000 citizens expected to leave between September 2024 and September 2025, marking an 8% increase year-on-year [12].