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RBNZ Set for August Rate Cut Amid Stable Inflation and Softening Labour Market
The Reserve Bank of New Zealand (RBNZ) is widely expected to cut rates by 25bp to 3.0% on 20 August. We expect to see indications that one final cut will follow, in line with market expectations and our own call. We retain a constructive view on NZD/USD, primarily on the back of expected USD weakness as the Fed restarts cutting
