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  • Monetary Policy Statement November 2021

    From rbnz.govt.nz

    The Monetary Policy Committee agreed to raise the Official Cash Rate (OCR) to 0.75 per cent. The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment. The level of global economic activity continues to rise, supported by accommodative monetary and fiscal policy settings, and the relaxation of COVID-19 health-restrictions. The pace of global economic growth has ebbed however, due to the elevated uncertainty created by the persistent COVID-19 virus. Global supply-chain disruptions are causing both cost pressures and ... (full story)

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  • Comment #1
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  • Nov 24, 2021 3:22am Nov 24, 2021 3:22am
  •  donroyalfx
  • | Commercial Member | Joined May 2019 | 146 Comments | Online Now
7hours has gone ...No single comments at all why ?
 
 
  • Comment #2
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  • Nov 24, 2021 5:57am Nov 24, 2021 5:57am
  •  shrips
  • | Joined Dec 2015 | Status: Member | 8 Comments
Hooray!!!
Finally a central bank that understands basic economics and lifts interest rates in an inflationary environment.

When will the incompetent US fed wake up and follow this lead??
 
 
  • Comment #3
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  • Nov 24, 2021 6:35am Nov 24, 2021 6:35am
  •  Donfeb
  • | Joined Nov 2017 | Status: Member | 124 Comments
Quoting shrips
Disliked
Hooray!!! Finally a central bank that understands basic economics and lifts interest rates in an inflationary environment. When will the incompetent US fed wake up and follow this lead??
Ignored
Market is not even happy with the increase
 
 
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  • Story Stats
  • Posted: Nov 23, 2021 8:05pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 3  /  Views: 2,375
  • Linked events:
    NZD Official Cash Rate
    NZD RBNZ Monetary Policy Statement
    NZD RBNZ Press Conference
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