Reuters survey: The Reserve Bank of New Zealand is expected to cut interest rates by 25 basis points this month.

Jin10 data reported on October 3rd that a Reuters survey shows nearly 60% of economists predict the Reserve Bank of New Zealand will cut interest rates by 25 basis points to 2.75% at its meeting on October 8th, while the remaining economists predict a reduction of 50 basis points. The Reserve Bank of New Zealand sent out further rate cut signals in August, surprising the market and prompting economists to expect more rate cut measures. New Zealand's economy shrank by 0.9% in the second quarter, a decline much greater than the 0.3% predicted by the Reuters survey and the Reserve Bank of New Zealand, leading to differing views among economists regarding the extent of the rate cut on October 8th. In the survey conducted from September 29th to October 2nd, nearly 60% of the 26 economists expected the Reserve Bank of New Zealand to lower the official cash rate (OCR) by 25 basis points to 2.75%. Eleven economists believed there would be a 50 basis point cut.