The New Zealand dollar traded around $0.573, remaining near a four-week high, after the central bank last week indicated it was likely done cutting interest rates. Policymakers reduced rates as expected, but updated projections implied just a 20% chance of another cut next year, as inflation is slowing and economic growth prospects are improving. This aligns with comments from RBNZ’s new governor, Anna Breman, who said recent rate cuts should boost growth and employment. She also emphasized that controlling inflation is crucial, particularly for low-income households, to restore purchasing power. Investors now expect the next move to be a rate hike, albeit not until late 2026. Adding further support, the US dollar remains near a two-week low amid bets on a December rate cut by the Federal Reserve.