Nz Interest Rates Forecast 2024. Analysis compiled by anz research suggests market participants have priced in a roughly 13% chance of a 25 basis point rate hike on february 28, followed by cuts not long after. The reserve bank of new zealand (rbnz) governor decides where to set the rate after consulting.

The reserve bank cut the official cash rate by 25bps to. The statement indicated that there was a small chance of a cash rate increase in 2024 by forecasting an ocr peak of 5.7% in december 2024.