新西兰储备银行降息50个基点；预测表明，未来宽松政策将放缓。新西兰储备银行将其官方现金利率下调50个基点，降至4.25%，这是人们普遍预期的。央行保持宽松倾向，表示如果经济状况与预测相符，“委员会预计明年初能够进一步降低OCR。

RBNZ cuts rates by 50bps; projections indicate slower easing ahead.RBNZ delivered a widely expected 50bps cut to its Official Cash Rate, bringing it down to 4.25%. The central bank maintained easing bias, stating that if economic conditions align with projections, “the Committee expects to be able to lower the OCR further early next year.

新西兰储备银行将政策利率下调50个基点至4.25%后，新西兰元周三上涨近1%，至0.59美元，这可能是一个盈利记录，正如市场普遍预期的那样。新西兰储备银行委员会表示，降低半个百分点在支持增长和就业之间取得了平衡，同时保持了对通货膨胀的控制和确保市场稳定。这标志着央行今年第三次降息，本周期迄今为止共降息125个基点。新西兰储备银行还表示，如果经济状况按预期发展，2025年初可能会进一步降息。然而，新西兰元仍受到美国当选总统唐纳德·特朗普最新关税威胁的压力，尤其是针对新西兰最大贸易伙伴中国的关税威胁。

The New Zealand dollar climbed nearly 1% toward $0.59 on Wednesday in a likely profit-booking after the Reserve Bank of New Zealand lowered its policy rate by 50 basis points to 4.25%, as widely expected by markets. The RBNZ’s committee stated that the half-point reduction strikes a balance between supporting growth and employment, while maintaining control over inflation and ensuring market stability. This marks the third rate cut by the central bank this year, with a total of 125 basis points of easing so far in this cycle. The RBNZ also indicated that, if economic conditions unfold as expected, further rate cuts could be on the horizon in early 2025. However, the kiwi remains under pressure from US President-elect Donald Trump’s latest tariff threats, particularly those targeting China, New Zealand’s largest trading partner.

RBNZ的Orr：根据活动情况，2月份的预测与50个基点一致。新西兰储备银行（RBNZ）行长阿德里安·奥尔在周三货币政策会议后的新闻发布会上解释了利率决定。

RBNZ's Orr: Projections consistent with 50 bps in Feb depending on activity.Reserve Bank of New Zealand's (RBNZ) Governor Adrian Orr explains the interest rate decision at a press conference following the monetary policy meeting on Wednesday.

新西兰储备银行在2024年11月的政策会议上将其官方现金利率（OCR）下调了50个基点至4.25%，这是今年连续第三次降息，符合市场预期。2024年第三季度，新西兰的年通货膨胀率降至2.2%，为2021年3月以来的最低水平，低于上一季度的3.3%。与此同时，新西兰的经济活动仍然疲软，产出仍低于潜在水平，预计到2025年中期，就业增长将保持疲软。随着通货膨胀率现在接近政策制定者1%至3%目标区间的中点，再加上GDP和劳动力市场数据疲软，委员会对进一步放宽货币政策限制越来越有信心。

The Reserve Bank of New Zealand lowered its official cash rate (OCR) by 50 basis points to 4.25% during its November 2024 policy meeting, marking the third consecutive rate cut this year and aligning with market expectations. The annual inflation rate in New Zealand slowed to 2.2% in Q3 2024, the lowest reading since March 2021, down from 3.3% in the previous quarter. Meanwhile, economic activity in New Zealand remains subdued, with output still below potential and employment growth expected to remain weak through mid-2025. With inflation now close to the midpoint of the policymakers' 1% to 3% target band, combined with weak GDP and labor market figures, the committee is increasingly confident about further easing monetary policy restraints.