Reserve Bank of New Zealand Shadow Board advises RBNZ to hold rates steady this week ...Middle East

Most members of the NZIER Monetary Policy Shadow Board recommend that the Reserve Bank of New Zealand (RBNZ) keep the Official Cash Rate (OCR) at 3.25% in its upcoming July policy review. While the New Zealand economy remains sluggish, members noted mixed inflation risks, including a recent rise in annual CPI and growing global uncertainties. These factors support a pause in rate cuts for now.

2pm New Zealand time on July 9is:

0200 GMT July 92200 US Eastern time July 8

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Earlier:

Poll: Analysts expect the Reserve Bank of New Zealand to hold rates at 3.25% on July 9BNZ forecasts no rate cut from the Reserve Bank of New Zealand at the July meetingNewsquawk Week Ahead: Week Ahead: Trade deadlines, FOMC Minutes, RBA, RBNZ, Canada jobs This article was written by Eamonn Sheridan at www.forexlive.com.

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