Cutting to the chase

The RBNZ has “cut to the chase” with the first rate cut in over 4 years. Is this cause for celebration and what does this mean for the NZ economy and stock market?

By Greg Smith, Head of Retail at Devon Funds

The RBNZ surprised many market participants by coming through with a 25bps rate cut. We have said for several months, including our 2024 predictions at the start of the year, that central bank would need to go earlier that most were expecting, and be driven by economic necessity. This appears to have played out.

It was only a...MORE»

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