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  • Monetary Policy Statement August 2021

    From rbnz.govt.nz

    The Monetary Policy Committee agreed to retain the current stimulatory level of monetary settings, keeping the Official Cash Rate (OCR) at 0.25 per cent for now. Today’s decision was made in the context of the Government’s imposition of Level 4 COVID restrictions on activity across New Zealand. The Committee will assess the inflation and employment outlook on an ongoing basis, with a view to continue to reduce the level of monetary stimulus over time so as to best meet their policy remit. This follows the recent halting of additional government bond purchases under the Large Scale Asset Purchase (LSAP) programme ... (full story)

Added at 10:10pm

NZD Sell
Quoting mkshoaib
NZD Sell
Careful. Guy.
No SELL for NZDUSD for today.
USD will Super Bearish/ Super Down today after Powell Statements released today.
USD will strong going down/ strong bearish/ strong down to Support 1 on 93,005. Then try to reach Support 2 on 92,830 and Support 3 on 92,699. And or maybe to Support 4 on 92,561.
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the economy data is very good for nzd but no courage to hike
in reality some youth generation has many debt issues especially housing
Hope everyone gets green pips
Heightened uncertainty has been caused by new Covid cases in community and return to nationwide lockdown to highest level of security. RBNZ would have been way out of line to raise the official cash rate hours after the lockdown was announced. But some investors still hung to the hopes raised prior but the price action following the RBNZ release suggests not much money behind that view going into the release. This is not confusing but what would be expected in the circumstances.
  • Comment #6
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  • Edited Aug 18, 2021 1:15am Aug 17, 2021 11:22pm | Edited Aug 18, 2021 1:15am
Cause of Tourism is significant for NZD economic, and covid 19 is very sensitive to tourism activity.... So Covid 19 very sensitive to NZD economic.
NZD will bearish, and start bullish when lock down finish next week..
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