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RBNZ Rate Decision in Focus: Market Awaits Forward Guidance on NZD/USD
The Reserve Bank of New Zealand (RBNZ) is expected to cut interest rates by 0.25% this week, bringing the rate to 3%. This would mark a total reduction of 2.5% during the current cycle. Markets are also predicting another cut later this year or early next year, possibly lowering the rate to 2.75% or even 2.5%.
