Central banks in NZ and Australia expected to cut rates from Q4 2024 says Goldman Sachs

A snippet from Goldman Sachs, forecasting that both the Reserve Bank of New Zealand and Reserve Bank of Australia rate hike cycles are now complete.

  • Goldman Sachs expects that both the RBNZ and RBA will begin cutting rates starting in Q4 of 2024 with gradual redcutions from then.
  • GS project both Australian and New Zealand CPI rates dropping back under 3% by Q4 2024.

This article was written by Eamonn Sheridan at www.forexlive.com. Source