ANZ senior economist Myers Workman said in an email research report that New Zealand's annual inflation peak is expected to occur in the second quarter, peaking at 4.1%, lower than the 4.4% forecast previously. The bank lowered its second-quarter inflation forecast from 1.8% to 1.5% month-on-month. “The rise in short-term inflation has narrowed. Coupled with the recent positive news that the US and Iran have reached a memorandum of understanding, the global supply shock has not been completely resolved. Judging from the medium-term inflation outlook, there are still many uncertainties about the current situation.” The report points out that the Reserve Bank of New Zealand's top priority is to prevent the current round of inflation from spreading to the core level of inflation. Based on this, the measures taken by the Reserve Bank of New Zealand to tighten the monetary stimulus policy since July are still reasonable. ANZ maintains its original judgment and expects the New Zealand Federal Reserve to cut interest rates by 25 basis points in July.

ANZ senior economist Myers Workman said in an email research report that New Zealand's annual inflation peak is expected to occur in the second quarter, peaking at 4.1%, lower than the 4.4% forecast previously. The bank lowered its second-quarter inflation forecast from 1.8% to 1.5% month-on-month. “The rise in short-term inflation has narrowed. Coupled with the recent positive news that the US and Iran have reached a memorandum of understanding, the global supply shock has not been completely resolved. Judging from the medium-term inflation outlook, there are still many uncertainties about the current situation.” The report points out that the Reserve Bank of New Zealand's top priority is to prevent the current round of inflation from spreading to the core level of inflation. Based on this, the measures taken by the Reserve Bank of New Zealand to tighten the monetary stimulus policy since July are still reasonable. ANZ maintains its original judgment and expects the New Zealand Federal Reserve to cut interest rates by 25 basis points in July.