[Analyst: The Best Choice for the Reserve Bank of New Zealand is to Hold Steady] According to a report by Jinse Finance, on June 29, Kiwibank Chief Economist Jarrod Kerr stated that despite a new round of conflicts erupting in the Middle East over the weekend, the New Zealand market generally believes the likelihood of a peace agreement is very high. Against the backdrop of oil prices falling to pre-war levels, demand appears poised for a rebound. He added that in this context, while the New Zealand economy has been impacted, it has not completely collapsed. The current 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 is ample justification for the Reserve Bank of New Zealand to keep interest rates unchanged at its July policy meeting.