The Reserve Bank of New Zealand (RBNZ) is widely expected to reduce the Official Cash Rate (OCR) by 25 basis points to 3.5% at its upcoming April monetary policy meeting. This would represent the fifth consecutive rate cut. The market has fully priced in this decision, scheduled for announcement at 02:00 GMT. Following February’s meeting, the RBNZ signaled potential for further easing, citing concerns regarding the adverse effects of US tariffs. Consequently, the policy statement accompanying the rate decision will be carefully analyzed for indications of future monetary policy direction, which is anticipated to induce volatility in the New Zealand Dollar (NZD).
