ChainCatcher news, ANZ Bank stated that it expects the Reserve Bank of New Zealand to be more cautious after the rate cut on Wednesday. Chief Economist Sharon Zollner said, "This may be the last time we cut by 50 basis points."However, considering that the Reserve Bank of New Zealand's central estimate for the neutral interest rate is 3%, the risk of the policy rate bottoming out tends to be below our forecast of 3.5%. "The tone of the policy statement is expected to reflect a moderate confidence in inflation while acknowledging the upside risks to overall inflation." Due to unexpected GDP, the interest rate trajectory may decline, but considering the mixed signals from capacity indicators, along with the offsetting effects of the New Zealand dollar depreciation and rising export prices, we expect the overall trajectory will not change significantly.

ChainCatcher news, according to Jinshi reports, Standard Chartered Bank analysis indicates that the Reserve Bank of New Zealand may cut interest rates by 50 basis points at the meeting on February 19, and an unexpected outcome is unlikely.The central bank has communicated well regarding this move, and we believe the likelihood of any surprises in either direction is very low. On the risk side, we think that if economic data remains sluggish, the Reserve Bank of New Zealand may adopt a more aggressive approach to easing monetary policy in the second quarter (compared to a single rate cut of 25 basis points) in order to restore interest rates to neutral (2.5-3.5%) more quickly.

ChainCatcher news, UBS economist Nic Guesnon stated that the Reserve Bank of New Zealand is expected to keep the official cash rate unchanged at 5.50% in next week's policy meeting, but this decision seems very close to a rate cut.He mentioned that the Reserve Bank of New Zealand made a significant shift towards a dovish stance in its policy statement in July, but traders and economists still do not know if they considered a rate cut at that meeting. He added that the market expects a 70% chance of a 25 basis point cut in August, but a preliminary survey of economists shows that the market generally leans towards keeping the official cash rate unchanged. (Jin Shi)

ChainCatcher news, according to Bloomberg, New Zealand's central bank governor Adrian Orr has warned about cryptocurrencies such as stablecoins, stating that they cannot replace fiat currency. Orr said on Monday at a parliamentary committee in Wellington that stablecoins are the "greatest misnomer" and a "contradiction." Orr pointed out, "Stablecoins are not stable. The value of stablecoins entirely depends on the balance sheet situation of their issuer."

ChainCatcher news, according to Coinmarketcap, Ripple is in negotiations with the Reserve Bank of New Zealand to develop a central bank digital currency (CBDC) on the XRP Ledger (XRPL). The discussions aim to explore the potential of using XRPL to develop CBDCs.