The Reserve Bank of New Zealand is on record as regarding two years as a reasonable time for the transmission of monetary policy into the real economy.
The first rate cut from them was in August 2024.
Governor Orr:
- Real economy is lagging reduction in interest rates, that’s a concern
Anyway, the RBNZ, like central banks all over the globe, is staffed by wall-to-wall PhDs. What do I know?
This article was written by Eamonn Sheridan at www.forexlive.com. Source