TD Securities predicts that the Reserve Bank of New Zealand will cut interest rates again in October and November According to a report by Golden Finance, a strategist at TD Securities stated that the latest interest rate cut by the Reserve Bank of New Zealand was within market expectations, but what surprised the market was that it hinted at further interest rate cuts in the future. Prashant Newnaha wrote, "We will not ignore this signal." He pointed out that two committee members voted to cut interest rates by 50 basis points, and this dovish turn occurred when the acting governor still judged the probability of inflation rising above 3% this year to be 50/50. The New Zealand Federal Reserve's confidence in the existence of idle capacity in the New Zealand economy may be strengthened by labor market data significantly lower than expected in May. Despite the risk of rising inflation, the Federal Reserve seems determined to move towards further interest rate cuts. As a result, TD Securities has adjusted its forecast and now expects the Reserve Bank of New Zealand to cut interest rates by 25 basis points each in October and November, with a terminal interest rate of 2.50%.