According to a report by Jin Shi Data, the Reserve Bank of New Zealand's year-long rate-cutting cycle may soon come to a temporary pause. Most economists predict that rates will remain unchanged this week and will release dovish signals to assess the effectiveness of the economic recovery.
The recent statement from the bank indicates that interest rates have entered a neutral zone, downplaying the urgency of further rate cuts and suggesting a possible quarterly rate cut pace in the future, rather than adjusting at every policy meeting. The last monetary policy meeting showed a divergence of opinions, and the current economic recovery momentum remains unstable, so further rate cuts within the year are still possible.