BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
Goldman Sachs Delays Fed Rate Cut Forecast to 2026 Amid Rising Inflation Concerns 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 50 basis points to 3.75% in line with the estimate. The third consecutive rate cut, is the action done to improve the nation's economy, which has contracted in recent times. The RBNZ expects the OCR to be at a median of 3.45% in the second quarter of this year, falling further to 3.14% at year-end, and holding at a constant 3.1% in early 2026.
The central bank expects inflation to remain close to the target rate although it may fluctuate. This is a cautious measure that aims to encourage the struggling New Zealand economy.
Later on, the RBNZ suggests further rate cuts in 2025, provided conditions are as forecast. Economists' forecasts vary, with some anticipating the OCR to fall to 2.75%, while others anticipate just one additional 25 basis point reduction.
