EPISODE · Nov 26, 2025 · 17 MIN
RBNZ cuts, BoE might, RBA won’t
from NAB Morning Call
Thursday 27th November 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThree 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. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Thursday 27th November 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThree 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. Hosted on Acast. See acast.com/privacy for more information.
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RBNZ cuts, BoE might, RBA won’t
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