Most economists surveyed by Reuters expect that the Bank of New Zealand will keep interest rates unchanged on July 9. The median estimate shows that it will only cut interest rates once more this year, by 25 basis points, while the May survey estimated that interest rates would be cut twice.

Most economists surveyed by Reuters expect that the Bank of New Zealand will keep interest rates unchanged on July 9. The median estimate shows that it will only cut interest rates once more this year, by 25 basis points, while the May survey estimated that interest rates would be cut twice.