RBNZ Leaves OCR Unchanged at 5.5%
By Sophia Rodrigues
Published On 10 Jul 2024 , 12:31 PMAt the July Monetary Policy Review, the RBNZ kept the Official Cash Rate unchanged at 5.5%, saying monetary policy will need to remain restrictive. It, however, opened the door for an earlier cut by stating that the extent of restraint will be tempered over time consistent with the expected decline in inflation pressures.
In the short statement, the RBNZ said restrictive monetary policy has significantly reduced inflation and the Committee expects headline inflation to return to within the 1-3% target range in the second half of the year.
LATEST SNIPPETS
RBA raises cash rate 50bps to 0.85%
The Reserve Bank of Australia raised the cash rate target by 50bps to 0.85%. The rate on Exchange Settlement balances...
Published on : 07 Jun 2022 , 02:47 PMAustralia net export to subtract 1.7 points from Q1 GDP
Net export will detract 1.7 percentage points from Australia's March quarter GDP, data published by Australian Bu...
Published on : 31 May 2022 , 11:44 AMRBNZ Ups OCR 50bps to 2.0%
The Reserve Bank of New Zealand raised official cash rate by 50bps to 2.0%, as widely expected and issued hawkish pro...
Published on : 25 May 2022 , 12:15 PMFull Title of RBA Kent's Speech Next Week
The full title of RBA assistant governor Christopher Kent's speech next week is, "From QE to QT - The next p...
Published on : 20 May 2022 , 10:00 AMAustralia's unemployment rate at 3.9% in April
The jobless rate was at 3.9% in April, following a revised 3.9% rate in March (from 4.0%), data from Australian Burea...
Published on : 19 May 2022 , 11:46 AMRBA Governor and Deputy Governor -- Some fun facts
I don't think there's as much commonality between a governor and deputy governor as it is between RBA's G...
Published on : 10 Mar 2022 , 05:53 PMANZ NZ Sees RBNZ hiking 50bps in both April and May
Economists at ANZ New Zealand have revised their call for the RBNZ OCR, now expecting 50bps hike at each of the meeti...
Published on : 08 Mar 2022 , 09:11 AMTreasury to release MYEFO on Dec 16
There is greater interest in the Mid-Year Economic and Fiscal Outlook this year given the slow pace of government bor...
Published on : 10 Dec 2021 , 12:00 AMNo "reasonable" seller of April 2024 bond at RBA's QE
The RBA's bond purchase program included the April 2024 government bond for the first time since it abandoned the...
Published on : 08 Nov 2021 , 06:39 PMA Few Things To Consider On RBA’s 10bps April 2024 Bond Before 11:15 AM
(This snipped was first published on Friday, October 29 at 9:37 AM as email to premium subscribers)
The Res...
Published on : 29 Oct 2021 , 04:37 PM