RBNZ Anticipated to Lower Rates This Week: Is This the Final Cut of the Cycle? Potential End of AUD/NZD Bull Market Ahead
RBNZ Meeting Details: The Reserve Bank of New Zealand will meet on November 26, with a decision expected at 2pm local time, followed by a press conference an hour later.
Expected Rate Cut: A 25 basis point rate cut to 2.25% is widely anticipated, which may be the final cut in the current cycle according to NAB and BNZ.
Impact on Currency: The expected rate cut is likely to affect the AUD/NZD exchange rate, with BNZ suggesting it could narrow the yield gap between Australia and New Zealand.
NZD Outlook: While the rate cut may support the NZD against the AUD, a significant rise in the kiwi is not expected due to the ongoing yield gap disadvantage.
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RBA's Rate Hike Decision: The Reserve Bank of Australia (RBA) unanimously decided to increase the cash rate, signaling a shift towards addressing rising inflation pressures, moving away from a cautious narrative to a more hawkish stance.
Inflation Forecasts: The RBA now anticipates that inflation will remain above target for an extended period, influenced by stronger-than-expected private demand and capacity pressures, despite some inflationary factors being temporary.
Market Reactions: Following the announcement, the Australian dollar strengthened, with market expectations for future rate hikes increasing significantly, reflecting a more aggressive monetary policy outlook.
Future Rate Hikes: The RBA's current position suggests that further rate hikes are likely, with the threshold for additional increases being higher, primarily aimed at managing capacity pressures and inflation developments.
- Quarterly Dividend Announcement: RB Global declares a quarterly dividend of $0.31 per share, consistent with previous distributions, indicating stable cash flow and shareholder return strategies that are likely to bolster investor confidence.
- Yield Performance: The forward yield of 1.09% provides relative attractiveness in the current market environment, potentially drawing in income-seeking investors and enhancing the stock's appeal.
- Shareholder Record Date: The dividend is payable on March 2, with a record date of February 9 and an ex-dividend date also on February 9, ensuring shareholders receive timely returns and reinforcing trust in the company.
- EBITDA Guidance Upgrade: RB Global raises its 2025 adjusted EBITDA guidance to $1.35 billion to $1.38 billion, reflecting the successful implementation of a new GSA contract, which further solidifies the company's market position in the automotive platform sector.
- Quarterly Cash Dividend: RB Global's Board of Directors has declared a cash dividend of $0.31 per share, payable on March 2, 2026, to shareholders of record on February 9, 2026, reflecting the company's ongoing commitment to shareholder returns.
- Tax Compliance: This dividend is considered an eligible dividend for Canadian income tax purposes, ensuring transparency and legality in tax compliance, which enhances investor confidence in the company's financial practices.
- Market Position: RB Global is a leading omnichannel marketplace providing value-added insights, services, and transaction solutions across various asset classes, including automotive and construction, further solidifying its leadership in the commercial asset trading sector.
- Global Network: Through its global network of auction sites and digital platforms, RB Global serves customers worldwide, showcasing its strong market coverage and diverse asset solutions, which drive the company's future growth potential.

- Auction Scale: From February 16 to 20, 2026, RB Global will host the world's largest equipment auction in Orlando, featuring over 7,000 assets, attracting buyers and sellers from construction, transportation, agriculture, and other industries, thereby reinforcing its market leadership.
- Diverse Auction Formats: The auction will utilize live onsite bidding, online participation, and Timed Auction formats, ensuring flexibility for buyers and sellers, which enhances transaction efficiency and drives overall transaction volume growth for the company.
- Customer Engagement Opportunities: Attendees will have the chance to interact directly with RB Global's product specialists and customer insights teams, sharing industry perspectives and learning about upcoming marketplace enhancements, which will enhance customer loyalty and service quality.
- Creator Day Event: RB Global will host its first invite-only Creator Day during the auction, aimed at extending the event's reach through social media and digital channels, attracting a broader audience and further enhancing brand visibility and market participation.
- Complete Exit: Nitorum Capital sold 344,444 shares of Lantheus Holdings during Q3 for an estimated $28.2 million, marking a complete exit from the company and reflecting a cautious outlook on its future performance.
- Asset Management Shift: Following this transaction, Nitorum's 13F reportable assets under management decreased to $569.28 million, indicating a significant adjustment in its investment portfolio that may impact future investment strategies.
- Earnings Pressure: Despite Lantheus reporting $384 million in Q3 revenue and nearly $95 million in free cash flow, its GAAP EPS plummeted from $1.79 to $0.41 year-over-year, highlighting pressure on earnings quality that could affect investor confidence.
- Poor Market Performance: Lantheus shares have declined 27% over the past year, significantly underperforming the S&P 500's 15% gain during the same period, suggesting low market expectations for future growth and potentially prompting more investors to reassess their holdings.









