新西兰储备银行的霍克斯比表示，未来将有更多削减，这取决于数据。新西兰储备银行行长霍克斯比表示，接下来的两次会议正在进行中，尚未做出任何决定。他说，OCR预测在2.5%左右徘徊，与进一步削减一致。

RBNZ's Hawkesby signals more cuts ahead, data-dependent pace.RBNZ Governor Hawkesby said the next two meetings are live, with no decisions yet made. He said the OCR projection troughs around 2.5%, consistent with further cuts.

新西兰央行将利率降至3年低点，预示着将进一步宽松；kiwi dlr翻滚。新西兰央行周三将政策利率下调25个基点，至3.00%的三年低点，并表示未来几个月将进一步下调，因为政策制定者警告称，国内和全球经济增长将面临不利因素。

NZ central bank cuts rates to 3-year low, flags more easing; kiwi dlr tumbles.New Zealand's central bank cut its policy rate by 25 basis points to a three-year low of 3.00% on Wednesday, and flagged further reductions in coming months as policymakers warned of domestic and global headwinds to growth.

新西兰储备银行在2025年8月的会议上将其官方现金利率下调25个基点至3%，与市场预期一致，并将借贷成本降至2022年8月以来的最低水平。委员会以4比2的多数票作出决定，承认经济前景存在上行和下行风险。2025年第二季度通货膨胀率从之前的2.5%微升至2.7%，仍在货币政策委员会的1-3%目标范围内。然而，由于管理价格、食品成本以及其他可交易商品和服务价格的上涨，预计第三季度将达到3%。在增长方面，第一季度GDP同比收缩0.7%，高频数据显示第二季度再次下降，预计第三季度将反弹。在其他地方，货币政策委员会指出，关税和政策的不确定性正在影响全球前景。尽管贸易量保持弹性，但模式的转变和美国对新西兰出口的高关税可能会对一些行业和出口商构成挑战。

The Reserve Bank of New Zealand lowered its Official Cash Rate by 25 bps to 3% at its August 2025 meeting, aligning with market expectations and bringing borrowing costs to its lowest level since August 2022. The Committee reached its decision with a 4–2 majority, acknowledging both upside and downside risks to the economic outlook. Inflation edged up to 2.7% in Q2 2025 from 2.5% previously, remaining within the MPC’s 1–3% target range. However, it is projected to reach 3% in Q3, driven by rising administered prices, food costs, and prices of other tradable goods and services. On the growth front, GDP contracted by 0.7% year-on-year in Q1, with high-frequency data indicating another decline in Q2 and a rebound expected in Q3. Elsewhere, the MPC noted that tariffs and policy uncertainty are weighing on the global outlook. While trade volumes remain resilient, shifting patterns and higher-than-expected US tariffs on New Zealand exports may challenge some industries and exporters.

新西兰储备银行政策决定预览。市场几乎完全消化了降息25个基点的预期，这将使新西兰储备银行的官方现金利率降至3.00%。OIS定价目前下调的可能性约为92%。

Preview for the RBNZ policy decision.Markets are almost fully pricing in a 25bp rate cut, which would take the RBNZ's Official Cash Rate down to 3.00%. OIS pricing is currently sitting around a 92% probability for a cut.