UBS predicts New Zealand's central bank will cut interest rates by 25 basis points in November

According to Jinshi, UBS expects the Reserve Bank of New Zealand to cut interest rates by 25 basis points for the first time in November, and to cut interest rates by 225 basis points by the end of 2025. UBS economist Nic Guesnon said that the Reserve Bank of New Zealand will become less hawkish and may lower its expectations for CPI in its monetary policy statement in August. Given that the second quarter CPI data will not be released until July 17, it is expected that no major adjustments to the outlook will be made at the central bank's policy meeting on July 10.