In February, the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate to 3.75%. Further cuts are anticipated as part of a broader strategy to stimulate economic growth as inflation stabilises.
The RBNZ's latest policy statement indicates the Kiwi economy is poised for recovery in 2025, although uncertainties remain. The balance of risks to the economic outlook is still on the downside, reflecting global uncertainties and domestic challenges.
Despite all this, the overall economic outlook for New Zealand is cautiously optimistic. The combination of measures by the RBNZ, government policy changes and a recovering global economy provides a solid foundation for growth. As we navigate these changes, staying informed and adaptable will be key to making the most of the opportunities ahead. Get in contact with Oxford Edge to discuss any opportunities you may be looking at.
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