GDP data came in far weaker than expected in the June quarter, but hopes are for a return to growth in the current quarter.
The central bank is closely monitoring inflation, which is hovering near the top end of the 1-3% target band.
More economists expect the central bank to hold the official cash rate at 3.25% amid geopolitical and trade uncertainty.
The latest NZIER business survey reveals improved confidence about the months ahead with further interest rate relief.
Finance Minister targets value for money, asking the central bank to look for cost efficiencies.
They are at the forefront of businesses’ immediate concerns, Stephen Jacobi says.
But more recent data shows it may have already slumped again.
RBNZ could be tempted to pause next month, but senior economist Mary Jo Vergara suggests cuts are needed because economy taking longer to recover.
But bank says it had a complex situation to consider before releasing information.
The central bank has released more details after multiple Official Information Act requests over the sudden March resignation.