Reserve Bank of New Zealand cash rate hike as expected – full text


Earlier:

This was the 5th 50bp rate hike in a row from the Reserve Bank of New Zealand. The Bank said it was considering a 75bp rate hike – this is quite the contrast with the timid RBA yesterday who settled on a 25bp rate hike.

The full text of the RBNZ statement and the Minutes to the meeting can be found here:

  • A recent decline in oil prices and an easing in some supply-chain constraints have seen headline inflation measures fall in some countries. However, core measures of inflation have risen and persist.

If the RBA decision yesterday fuelled thoughts the Fed might follow suit and slow down, [perhaps the aggressive RBNZ just now will see the opposite response?

NZD/USD update:



Source link

Related articles

Condor Energies begins multi-well gasoline drilling marketing campaign in Uzbekistan

Condor Energies has launched a multi-well drilling program in Uzbekistan because the Canadian unbiased appears to be like to broaden pure gasoline manufacturing and reserves throughout its portfolio in Central Asia.  ...

Meme Shares on Fireplace: One other Signal of Animal Spirits?

Meme shares are extremely speculative shares, closely traded by retail merchants, and characterised at occasions by fast worth surges and equally sharp declines. The acute volatility is commonly the results of social media...

Elon Musk’s X requires delay in Australia’s baby social media ban citing ‘critical considerations’ about coverage’s lawfulness | Australian politics

Elon Musk’s X has known as for a delay in Australia’s under-16s social media ban, arguing it has “critical considerations” in regards to the lawfulness of the “punitive” coverage.X was one among over...

Not an entire lot on the agenda in European buying and selling at present

The beginning of the week is seeing extra of a push and pull temper, although the greenback is a little bit softer on the steadiness. Market gamers are on the lookout for one...

OpenSea Provides Meebits #7421 Into Its NFT Reserve

Be part of Our Telegram channel to remain updated on breaking information protection OpenSea, the most important non-fungible token market platform by buying and selling gross sales volumes and buying and selling actions, proceed...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com