Key market and commercial developments

Welcome to our Q4 edition

New Zealand’s economic recovery is gaining traction, with the Reserve Bank delivering an unexpectedly aggressive 50 basis point cut to the Official Cash Rate on 8 October, bringing it down to 2.5%. Inflation reached 3.0% in the third quarter, but remains within the target band and is expected to stabilise. Unemployment in New Zealand peaked at 5.3%, but GDP projections suggest growth in our economy will rebound to 1.4% late in 2025 and accelerate to 2.7% in 2026.