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Key factors to watch in 2024
Happy New Year! Given the holiday break, we didn’t see much news of note in New Zealand since Christmas. Rather market trends have been dominated by global events and fluctuating expectations for monetary policy. Markets have tended to take an aggressive view on the timing and extent of policy interest rate cuts in most jurisdictions and this has flowed through into expectations for the RBNZ in 2024. The RBNZ finished 2023 with a hawkish perspective on the interest rate outlook. That reflected their frustration with the apparently slow pace of deceleration in core inflation pressures. The RBNZ also likely has ... (full story)