ANZ Bank: The Reserve Bank of New Zealand may consider cutting interest rates by 75BP next time.

On December 19th, Jin10 Data reported that the GDP of New Zealand fell by 1.0% in the third quarter, and the economy is in a slump. Henry Russell, an economist at ANZ Bank, said that for the next monetary policy meeting at the end of February next year, the monetary market will now weigh whether the Reserve Bank of New Zealand will cut interest rates by 50 basis points or 75 basis points, instead of cutting interest rates by 25 basis points or 50 basis points. Given the obvious Rebound in high-frequency data, ANZ Bank still tends to believe that the Reserve Bank of New Zealand will cut interest rates by 50 basis points. However, any dovish surprises in future data may lead to a cut of 75 basis points.