The Reserve Bank of New Zealand is expected to leave its cash rate on hold at its meeting today:
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 jobsReserve Bank of New Zealand Shadow Board advises RBNZ to hold rates steady this weekI suspect that'll be the outcome, yes.
Now, I should add, the Reserve Bank of Australia were expected to cut their cash rate target at their meeting yesterday. They did not:
Forexlive European FX news wrap: RBA delays rate cutMarket pricing for the cut was upwards of 90% and almost all analysts had joined in expecting the cut. I expected a cut. Wrong.
The reason I bring this up is that leading up to the meeting I posted a couple of times on analysts who were not forecasting a cut, but, correctly as it turned out, a hold. Kudos to Bank of America and @Aligarciaherrer. I also want to mention that I got a little blowback for posting the contrary views. Not a lot, just some comments about why bother when it was a done deal (pretty sure I even used that expression myself!). I think its worth keeping in mind that we live in an uncertain market, and remaining open to well-reasoned arguments that may challenge your own view can be helpful when making decisions in financial markets. Both BoA and @Aligarciaherrer made well-reasoned arguments, which was why I passed them along. If only I'd listened!
This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected. This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about economic calendar in asia wednesday july 9 2025 rbnz day chinese inflation data was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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