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

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

Reserve Bank of New Zealand and Reserve Bank of Australia rate hike cycles have concluded

Eamonn Sheridan

Eamonn Sheridan

Monday, 13/11/2023 | 22:03 GMT

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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.

Bloomberg (may be gated) with a brief piece outling some of Goldman Sachs' top ideas for next year,

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