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Another OCR cut expected but probably the last

We expect the RBNZ to cut the OCR to 1.75% at the November Monetary Policy Statement.

We expect a continued easing bias, but it will be toned down.

Inflation risks remain skewed to the downside, so a further cut can’t be ruled out.

Economic research - Access trends and financial news | ASB Economic Note Another OCR cut expected but probably the last