Core Viewpoint - Westpac Bank anticipates that the Reserve Bank of New Zealand will likely keep the official cash rate unchanged in the July meeting, adopting a wait-and-see approach regarding interest rate outlook [1] Summary by Relevant Sections - Interest Rate Outlook - Westpac expects the Reserve Bank of New Zealand to maintain its dovish stance from the May monetary policy statement but will not provide strong guidance on the timing of any further rate cuts [1] - The bank predicts that the market will have the discretion to determine whether the Reserve Bank will implement a rate cut to 3% in August, delay it until later this year, or completely abandon the idea of a rate cut [1] - Economic Indicators - The Reserve Bank may indicate that economic activity in the first quarter of 2025 is stronger than expected, but subsequent indicators suggest a slowdown in economic momentum, aligning with the forecasts made in May [1] - There may be an emphasis on short-term inflation remaining at concerningly high levels [1]
西太平洋银行:新西兰联储7月料按兵不动,降息悬念留待市场解读