According to a report from Jinshi Data, Westpac Bank expects the Reserve Bank of New Zealand to likely maintain the official cash rate at its July meeting and adopt a wait-and-see attitude regarding the interest rate outlook. Although the Reserve Bank of New Zealand may retain a dovish stance from the May monetary policy statement, it is expected not to provide strong guidance on the timing of any further rate cuts. The market needs to assess based on data before August whether the Reserve Bank of New Zealand will cut rates to 3% in August, delay any cuts, or cancel them altogether. The Reserve Bank may indicate that economic activity in the first quarter of 2025 is stronger than expected, but subsequent indicators show that economic momentum is slowing, and short-term inflation remains high.