Institution: The Reserve Bank of New Zealand may again be "cocked" and ready to cut interest rates.

Jin10 data reported on October 13th, after the Reserve Bank of New Zealand significantly lowered the Benchmark Interest Rate last week and adopted a more dovish policy stance, the economic research institution BMI revised its expectations for the Official Cash Rate (OCR): lowering the rate forecast for the end of 2025 from 2.75% to 2.25%, and the forecast for the end of 2026 from 2.25% to 2.00%. In a report to clients, BMI stated that the overall economic outlook risks remain roughly balanced. The institution expects the Reserve Bank of New Zealand to continue prioritizing inflation control, aiming to keep inflation below the upper limit of the target range of 1% to 3%, while also considering household financial risks and supporting economic rise.