Bank of New Zealand were expecting the next Reserve Bank of New Zealand rate cut in September

  • then another in November

But they've shifted their expectation now to November and then February

(I suppose you could argue they've shifted their September expected cut to February and left their November call unchanged. Yeah, I'm bored ;-) ).

Call from economists at BNZ via Bloomberg

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Meanwhile, NZD and AUD losing a little ground in the past 30 minuts or so

NZD chart: