J.P. Morgan said that the Bank of New Zealand is expected to raise interest rates for the second time in a row in September and will raise the official overnight loan rate to 2.75% on Wednesday. The bank's economist Ben Jarman said that since policy interest rates are still at an easy level, and the data has basically removed all barriers, indicating that economic growth is picking up, the possibility of raising interest rates by 25 basis points has basically been completely digested by the market.

J.P. Morgan said that the Bank of New Zealand is expected to raise interest rates for the second time in a row in September and will raise the official overnight loan rate to 2.75% on Wednesday. The bank's economist Ben Jarman said that since policy interest rates are still at an easy level, and the data has basically removed all barriers, indicating that economic growth is picking up, the possibility of raising interest rates by 25 basis points has basically been completely digested by the market.