Monetary Stimulus Reduced | Forex Factory

  • Monetary Stimulus Reduced

    From rbnz.govt.nz

    The Monetary Policy Committee agreed to reduce the current stimulatory level of monetary settings in order to meet its consumer price and employment objectives over the medium-term. The Reserve Bank will halt additional asset purchases under the Large Scale Asset Purchase (LSAP) programme by 23 July 2021. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent and the Funding for Lending Programme unchanged. The global economic outlook continues to improve, providing ongoing price support for New Zealand’s export commodities. Global monetary and fiscal settings remain at accommodative levels supporting ... (full story)

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anubieonly
Jul 13, 2021 9:19pm
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finally, I think it should be, fundamentally NZD n AUD is good even pandemic issue
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anubieonly
Jul 13, 2021 10:00pm
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Not RBNZ, BOC has did it in Q1 this year, RBNZ just followed BOC actually
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k3nshinz3139
Jul 13, 2021 9:11pm
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Good news for NZD?
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4for4
Jul 13, 2021 9:15pm
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NZD is still down-trending until 0.7107 is broken …
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BaliBoyz80
Jul 13, 2021 9:53pm
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so RBNZ is the 1st central bank who make this step. i though the fed be the first. good for nzd, in my opinion..
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Tembi
Jul 13, 2021 10:43pm
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Bank of Canada is the only Central Bank that is independent of Fed . RBNZ is just scared that the Fed may taper soon due to hot inflation, they sense that Fed will have to change its policy so they want to change theirs before their currencies are blown by USD. You will see others will start tapering too before the Fed
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Trader#A592
Jul 14, 2021 12:31am
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Let's Move New Zealand, I have to wait for a change first, H4 Timeframe
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