New Zealand Stocks Fall Ahead of RBNZ Decision

2025-11-25 04:48 By Kyrie Dichosa 1 min. read

New Zealand’s benchmark S&P/NZX 50 index fell 0.2% to close at 13,480 on Tuesday, erasing earlier gains after briefly touching a two-week high, as investors braced for the Reserve Bank’s interest rate decision tomorrow.

Traders are pricing in a full 25 bps rate cut and a small chance of another surprise 50 bps move, similar to October’s.

However, the focus will be on the post-decision guidance amid speculation that this could mark the final rate cut of the ongoing easing cycle.

Investors are also awaiting key data releases, including retail sales, business confidence, and consumer sentiment, to gauge whether the stimulus is already feeding through the economy.

Among individual stocks, losses were notable in financials, with Westpac Banking (-1%) and ANZ Group (-1.1%) declining.

Other key shares were also in the red, including Fisher & Paykel (-1.6%), Infratil (-3.4%), Ebos Group (-1.9%), and Vector Limited (-1.8%).



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