The Reserve Bank of New Zealand (RBNZ) is widely expected to reduce the Official Cash Rate (OCR) by 25 basis points to 3.50% at its upcoming monetary policy meeting. This decision, anticipated to be announced at 02:00 GMT on Wednesday, is largely priced into the market. Consequently, the focus will be on the RBNZ’s policy statement, which will be analyzed for indications regarding future monetary policy adjustments and their potential implications for the New Zealand Dollar (NZD). The RBNZ previously signaled the possibility of further easing in February, citing concerns about the potential adverse effects of US trade tariffs.
