New Zealand Rate-Cut Bets Rise on Unexpected RBNZ Economy Update

  • Traders see more than 60% chance of a rate reduction in August
  • RBNZ may ‘communicate displeasure with the exchange rate’

New Zealand’s central bank said it will issue an unscheduled assessment of the economy next week.

Photographer: Mark Coote/Bloomberg

New Zealand’s central bank said it will issue an unscheduled assessment of the economy next week, prompting traders to increase bets on an interest-rate cut in August.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.