The New Zealand dollar slipped to around $0.569 but remained near a two-week high as markets looked ahead to the Reserve Bank's policy decision. The central bank is widely expected to raise the official cash rate by 25 bps to 2.50% later this week in what would be its first hike in more than three years, as inflationary pressures persist despite oil prices retreating near pre-war levels. Investors will pay close attention to the policy statement for clues on the pace of future hikes, with most economists anticipating one more move to 2.75% by September. The upcoming decision comes after the RBNZ's closely contested May meeting, where policymakers voted to keep rates unchanged after a split decision that required Governor Anna Breman to cast the deciding vote. The kiwi was further supported by a softer US dollar as disappointing jobs data reduced expectations of a near-term rate hike by the Federal Reserve.