Gate.io: New Zealand's central bank may wait for the Fed to act first.

Jinshi Data News on August 12th, the Reserve Bank of New Zealand will announce the Intrerest Rate decision on Wednesday. ING Bank expects this meeting result to be a very close decision, and there are divergent opinions in the market as to whether the bank will cut the Intrerest Rate by 25 basis points or keep it unchanged. However, ING Bank tends to believe that due to persistent concerns about inflation, the Reserve Bank of New Zealand may still prefer to wait for the Federal Reserve to take action first and may cut the Intrerest Rate by 50 basis points in October. Another possibility is a 'hawkish' rate cut.