According to Jinshi data reports, Westpac Bank expects the Reserve Bank of New Zealand to likely maintain the official cash rate at its July meeting and take a wait-and-see attitude towards interest rate prospects. Although the Reserve Bank of New Zealand may retain a dovish stance from the May monetary policy statement, it is not expected 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 a cut, or cancel a cut altogether. The Bank may indicate that economic activity in the first quarter of 2025 is stronger than expected, but subsequent indicators show a slowdown in economic momentum, with short-term inflation remaining high.