Analyst: The Reserve Bank of New Zealand's best option is to stand pat

```htmlGolden Ten Data reported on June 29 that Kiwibank Chief Economist Jarrod Kerr stated that despite a new round of conflict breaking out in the Middle East over the weekend, the New Zealand market generally believes the likelihood of a peace agreement is very high. With oil prices falling back to pre-war levels, demand appears poised for a rebound. He added that although the New Zealand economy has been hit in this context, it has not completely collapsed. This oil crisis has slowed the pace of economic recovery enough to disrupt demand, but has not entirely derailed economic activity. Kerr pointed out that there are strong grounds for the Reserve Bank of New Zealand to keep interest rates unchanged at its policy meeting in July.```