-
Monetary Policy Statement November 2017
While headline inflation is currently near the midpoint of the target range, underlying inflationary pressure in the New Zealand economy remains subdued. Annual CPI inflation was 1.9 percent in the September 2017 quarter, up from 0.4 percent in September 2016 (figure 2.1). The increase in headline inflation over the past year reflects a turnaround in tradables inflation, in part due to increases in fuel and food prices. Global economic activity continues to strengthen and the growth outlook for New Zealand’s major trading partners has improved. However, measures of core inflation and wage growth remain low in most ... (full story)
-
NZD/USD spiked on RBNZ bullish, (more hawkish 2019 ), statement
• RBNZ is forecasting rates rising in Q2 2019 vs Q3 previously. • RBNZ leaving the Official Cash Rate (OCR) unchanged at 1.75 percent. • NZD/USD spiked on the statement. NZD/USD spiked 30 pips on the back of the RBNZ on hold, leaving the Official Cash Rate (OCR) unchanged at 1.75 percent forecasting rates rising in Q2 2019 vs Q3 previously, hence the bid. Currently, NZD/USD is trading at 0.6947, up 0.60% on the day, having posted a daily high at 0.6965 and low at 0.6897. The NZD has been drifting in a correction of the 0.6818 recent lows and has just exceeded previous recovery highs on the headlines. Headlines ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Nov 8, 2017 3:09pm Nov 8, 2017 3:09pm
- Bull n Bear
- | Joined Jan 2013 | Status: Member | 239 Comments
- Comment #2
- Quote
- Nov 8, 2017 3:18pm Nov 8, 2017 3:18pm
- anaskm1985
- | Joined Sep 2017 | Status: Member | 16 Comments
- Comment #3
- Quote
- Nov 8, 2017 3:19pm Nov 8, 2017 3:19pm
- samvcng
- | Joined Apr 2013 | Status: Member | 52 Comments
- Comment #4
- Quote
- Nov 8, 2017 3:26pm Nov 8, 2017 3:26pm
- Bull n Bear
- | Joined Jan 2013 | Status: Member | 239 Comments
- Comment #5
- Quote
- Nov 8, 2017 5:18pm Nov 8, 2017 5:18pm
- ax86
- | Joined Feb 2015 | Status: Member | 12 Comments
- Comment #6
- Quote
- Nov 8, 2017 6:56pm Nov 8, 2017 6:56pm
- kongrit1416
- | Joined Oct 2013 | Status: Member | 148 Comments