UBS: The Reserve Bank of New Zealand is expected to keep interest rates unchanged next week

ChainCatcher news, UBS economist Nic Guesnon stated that the Reserve Bank of New Zealand is expected to keep the official cash rate unchanged at 5.50% in next week's policy meeting, but this decision seems very close to a rate cut.

He mentioned that the Reserve Bank of New Zealand made a significant shift towards a dovish stance in its policy statement in July, but traders and economists still do not know if they considered a rate cut at that meeting. He added that the market expects a 70% chance of a 25 basis point cut in August, but a preliminary survey of economists shows that the market generally leans towards keeping the official cash rate unchanged. (Jin Shi)