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  • Monetary Stimulus Further Reduced - Official Cash rate raised to 0.50 percent

    From rbnz.govt.nz

    The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain low inflation and support maximum sustainable employment. The level of global economic activity has continued to recover, supported by accommodative monetary and fiscal settings, and rising vaccination rates enabling a relaxation of mobility restrictions. While economic uncertainty remains elevated due to the prevalent impact of COVID-19, cost pressures are becoming ... (full story)

Added at 9:04pm
  • RBNZ: THE COMMITTEE NOTED THAT FURTHER REMOVAL OF MONETARY POLICY STIMULUS IS EXPECTED OVER TIME.

    — Breaking Market News (@financialjuice) October 6, 2021
Added at 9:04pm
  • RBNZ: FUTURE MOVES ARE CONTINGENT ON THE MEDIUM-TERM OUTLOOK FOR INFLATION AND EMPLOYMENT.

    — Breaking Market News (@financialjuice) October 6, 2021
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  • Comment #1
  • Quote
  • Oct 5, 2021 9:09pm Oct 5, 2021 9:09pm
  •  RedCable
  • | Joined May 2020 | Status: Member | 31 Comments
Can any one explain ? TIA.
 
 
  • Comment #2
  • Quote
  • Oct 5, 2021 9:13pm Oct 5, 2021 9:13pm
  •  KonohaFx
  • Joined Apr 2021 | Status: Member | 3 Comments
Quoting RedCable
Disliked
Can any one explain ? TIA.
Ignored
Kiwi raised their bank rates. first big central bank to do so, and are gonna keep using Quantitative Easing. Risk On
Hard Work, Dedication and Faith
 
1
  • Comment #3
  • Quote
  • Oct 5, 2021 9:20pm Oct 5, 2021 9:20pm
  •  MuliawanSam
  • | Joined Mar 2021 | Status: Member | 156 Comments
Tapering and hike rate.

"The Committee agreed to further reduce the level of monetary stimulus at this meeting"
 
 
  • Comment #4
  • Quote
  • Oct 5, 2021 9:24pm Oct 5, 2021 9:24pm
  •  MuliawanSam
  • | Joined Mar 2021 | Status: Member | 156 Comments
Good for NZD
 
 
  • Comment #5
  • Quote
  • Oct 5, 2021 9:26pm Oct 5, 2021 9:26pm
  •  RedCable
  • | Joined May 2020 | Status: Member | 31 Comments
Quoting KonohaFx
Disliked
{quote} Kiwi raised their bank rates. first big central bank to do so, and are gonna keep using Quantitative Easing. Risk On
Ignored
Isn't that the rate hike tends to boost the currency strength
 
 
  • Comment #6
  • Quote
  • Oct 5, 2021 9:35pm Oct 5, 2021 9:35pm
  •  grandia
  • | Joined Oct 2011 | Status: Member | 174 Comments
well fakeout as usual, soon we will see the news: "buy the rumour sell the fact" kind of thing
 
 
  • Comment #7
  • Quote
  • Oct 5, 2021 9:35pm Oct 5, 2021 9:35pm
  •  Will123
  • | Joined Aug 2021 | Status: Member | 15 Comments
Quoting MuliawanSam
Disliked
Good for NZD
Ignored
Dont buy the news.. u see nzd got dumped?
 
 
  • Comment #8
  • Quote
  • Oct 5, 2021 9:41pm Oct 5, 2021 9:41pm
  •  jvaz1985
  • | Joined Oct 2021 | Status: Member | 31 Comments
why is nzd selling off?
 
 
  • Comment #9
  • Quote
  • Oct 5, 2021 9:43pm Oct 5, 2021 9:43pm
  •  jordanvic
  • | Joined Jul 2020 | Status: Bro | 749 Comments | Online Now
Quoting jvaz1985
Disliked
why is nzd selling off?
Ignored
priced in
 
 
  • Comment #10
  • Quote
  • Oct 5, 2021 10:01pm Oct 5, 2021 10:01pm
  •  mrnabilfikri
  • | Joined Jun 2021 | Status: Junior Member | 1 Comment
Quoting jvaz1985
Disliked
why is nzd selling off?
Ignored
Grabbing liquidity before real move
 
 
  • Comment #11
  • Quote
  • Oct 5, 2021 10:01pm Oct 5, 2021 10:01pm
  •  MuliawanSam
  • | Joined Mar 2021 | Status: Member | 156 Comments
Kiwi is the highest Central Bank Rate ( 0,5% ) of the Central Bank Rate major currency
 
 
  • Comment #12
  • Quote
  • Oct 5, 2021 10:07pm Oct 5, 2021 10:07pm
  •  lthd.pixels
  • | Joined Oct 2021 | Status: Junior Member | 1 Comment
hawkish later in nyc open just wait
 
 
  • Comment #13
  • Quote
  • Oct 5, 2021 10:07pm Oct 5, 2021 10:07pm
  •  grandia
  • | Joined Oct 2011 | Status: Member | 174 Comments
will shoot to 0.7 during the EU/US session, watch!
 
 
  • Comment #14
  • Quote
  • Oct 5, 2021 10:13pm Oct 5, 2021 10:13pm
  •  KonohaFx
  • Joined Apr 2021 | Status: Member | 3 Comments
Quoting RedCable
Disliked
{quote} Isn't that the rate hike tends to boost the currency strength
Ignored
Ya, but in this case it has been priced in and gave a fake breakout
Hard Work, Dedication and Faith
 
 
  • Comment #15
  • Quote
  • Oct 5, 2021 11:10pm Oct 5, 2021 11:10pm
  •  RizalRachman
  • Joined Jul 2014 | Status: Member | 1 Comment
LOL, we're just toyed by the news
 
 
  • Comment #16
  • Quote
  • Oct 6, 2021 12:52am Oct 6, 2021 12:52am
  •  Guest
  • | IP XXX.XX.126.19
Quoting RedCable
Disliked
Can any one explain ? TIA.
Ignored
"transient ischemic attack: - it means the RBNZ (CB) by a "stroke " of good fortune thinks the economy is recovering ?
But could be terminal depending on how you look at it.
 
 
  • Comment #17
  • Quote
  • Oct 6, 2021 12:54am Oct 6, 2021 12:54am
  •  aquavox
  • | Joined Nov 2012 | Status: Member | 527 Comments
Quoting RedCable
Disliked
Can any one explain ? TIA.
Ignored
"transient ischemic attack - it means the RBNZ (CB) by a "stroke" of good fortune thinks the economy is recovering ?
But could be terminal depending on how you look at it.
Old Dog Kiwi
 
 
  • Comment #18
  • Quote
  • Oct 6, 2021 1:43am Oct 6, 2021 1:43am
  •  Blessed-man
  • | Joined Apr 2016 | Status: Member | 438 Comments
Quoting jordanvic
Disliked
{quote} priced in
Ignored
There is always justification for every moves in Forex; priced in, below market expectation etc.

In August 2021, new Covid invention made them backed off at the last minute and NZDUSD went down by almost 150 pips, funny enough, it is in about same price as it was in August.

Trading the news could be tricky
 
 
  • Comment #19
  • Quote
  • Oct 6, 2021 3:42am Oct 6, 2021 3:42am
  •  Tomz27
  • | Joined May 2014 | Status: New Trader | 26 Comments
SELL NZD/USD hahaha
Tommy Sutanto
 
 
  • Comment #20
  • Quote
  • Oct 6, 2021 4:37am Oct 6, 2021 4:37am
  •  elanjaelani
  • | Joined Oct 2016 | Status: Member | 181 Comments
It's time to Buy NZD/USD Right? It has been down 100 pips. Should be back in NYC to 0.7000......

Any ideas Guys?
 
 
  • Comment #21
  • Quote
  • Oct 6, 2021 5:12am Oct 6, 2021 5:12am
  •  tush1822
  • Joined Sep 2018 | Status: Member | 94 Comments | Online Now
classic demonstration, how G6 is scared of appreciation their currencies, NZD sold heavily on Hawkish statement. But it will not last long.
 
 
  • Comment #22
  • Quote
  • Oct 6, 2021 5:17am Oct 6, 2021 5:17am
  •  Koop
  • Joined Apr 2016 | Status: Conquistadores' | 136 Comments
Lmao this comment section is hilarious. So called news traders.
 
 
  • Comment #23
  • Quote
  • Oct 6, 2021 5:35am Oct 6, 2021 5:35am
  •  jordanvic
  • | Joined Jul 2020 | Status: Bro | 749 Comments | Online Now
Quoting elanjaelani
Disliked
It's time to Buy NZD/USD Right? It has been down 100 pips. Should be back in NYC to 0.7000...... Any ideas Guys?
Ignored
idk mate I don't like touching NZD on news days. maybe tomorrow?
 
 
  • New Comment
  •  Guest
  • | IP X.XXX.188.113
Join FF
  • Story Stats
  • Posted: Oct 5, 2021 9:00pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 23  /  Views: 7,591
  • Linked events:
    NZD Official Cash Rate
    NZD RBNZ Rate Statement
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