Economic calendar in Asia Wednesday, July 9, 2025 – RBNZ day, Chinese inflation data | Forexlive

The Reserve Bank of New Zealand is expected to leave its cash rate on hold at its meeting today:

I suspect that’ll be the outcome, yes.

Now, I should add, the Reserve Bank of Australia were expected to cut their cash rate target at their meeting yesterday. They did not:

Market pricing for the cut was upwards of 90% and almost all analysts had joined in expecting the cut. I expected a cut. Wrong.

The reason I bring this up is that leading up to the meeting I posted a couple of times on analysts who were not forecasting a cut, but, correctly as it turned out, a hold. Kudos to Bank of America and @Aligarciaherrer. I also want to mention that I got a little blowback for posting the contrary views. Not a lot, just some comments about why bother when it was a done deal (pretty sure I even used that expression myself!). I think its worth keeping in mind that we live in an uncertain market, and remaining open to well-reasoned arguments that may challenge your own view can be helpful when making decisions in financial markets. Both BoA and @Aligarciaherrer made well-reasoned arguments, which was why I passed them along. If only I’d listened!