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New Zealand Set for Rate Cut Amid High Unemployment

11/5/2025

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Summary

Story summary

The Reserve Bank of New Zealand is expected to cut rates by 25 basis points on November 26.
The move follows weak jobs data showing unemployment at 5.3%, the highest since 2016.
New Zealand dollar fell to a seven-month low against the U.S. dollar and a 12-year low against the Australian dollar.
The Reserve Bank of Australia is monitoring data and sees a low chance of a December rate cut.

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Story summary

The Reserve Bank of New Zealand is expected to cut rates by 25 basis points on November 26.
The move follows weak jobs data showing unemployment at 5.3%, the highest since 2016.
New Zealand dollar fell to a seven-month low against the U.S. dollar and a 12-year low against the Australian dollar.
The Reserve Bank of Australia is monitoring data and sees a low chance of a December rate cut.