Economists: The Reserve Bank of New Zealand will take a "dovish pause" this week to allow for some buffer space to assess the economy.

Jin10 data reported on July 7th that the Reserve Bank of New Zealand’s year-long interest rate cut cycle may soon reach a temporary pause. Most economists predict that the Reserve Bank of New Zealand will keep the interest rate unchanged this week while releasing dovish signals to assess the effectiveness of the economic recovery. The bank recently stated that the interest rate has entered a neutral range, downplaying the urgency of further rate cuts, and hinted at a potential quarterly rate cut rhythm in the future, rather than adjusting at every policy meeting. It is worth noting that there were differences of opinion at the last monetary policy meeting. Given the current economic recovery momentum is still unstable, further rate cuts within the year remain a possibility.