RBNZ cuts, BoE might, RBA won’t

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NAB Morning Call

Phil Dobbie

1397 episodes

1 day ago

Start your day with the NAB Morning Call for the latest overnight key economic and market information straight from our team of expert market economists and strategists. This includes perspective on overnight news and market price action and the forces shaping movements in Australian and global markets in the days ahead.

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RBNZ cuts, BoE might, RBA won’t

NAB Morning Call

17 minutes 50 seconds

1 day ago

RBNZ cuts, BoE might, RBA won’t

Thursday 27th November 2025

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Three central banks close to the end of their easing cycle. A hawkish cut from the RBNZ yesterday could well be the last. The same could well apply to the RBA after yesterday’s monthly CPI came in higher than anticipated. But the Bank of England might well be ready to cut, as markets accepted more fiscal headroom and a reduction to the supply of 30-year gilts. The public response is less jubilant, particularly as the freeze on tax thresholds is not being extended to a 10-year run. NAB’s Gavin Friend talks through a busy day.

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