Interest Rates 2024 Forecast Nz. To keep prices stable, the government has set us an inflation target between 1% and 3% over the medium term with a focus on the 2% midpoint. Rbnz cuts rates by 25 bps to 5.25%, first easing in over 4 yrs.
New zealand mortgage rates could be heading south by late january if the swaps market is anything to go by. The rbnz is forecast to cut the key rate to 3.25% in december 2023 and continue to gradually lower it to 2.25% in december 2024, according to nab’s forecast.