- Story Log
User | Time | Action Performed |
---|---|---|
-
BoJ announces emergency bond buying operation - Reuters
- Comments
- Subscribe
- Comment #1
- Quote
- Feb 22, 2023 3:29am Feb 22, 2023 3:29am
-
Soldier4Life
- | Joined Oct 2021 | Status: Junior Member | 5 Comments
-
- Older Stories
- From rbnz.govt.nz|Feb 21, 2023
The Monetary Policy Committee today increased the Official Cash Rate (OCR) from 4.25 percent to 4.75 percent. The Committee agreed that the OCR still needs to increase, as indicated in the November Statement, to ensure inflation returns to within its target range over the medium term. While there are early signs of price pressure easing, core consumer price inflation remains too high, employment is still beyond its maximum sustainable level, and near-term inflation expectations remain elevated. Cyclone Gabrielle and other recent severe weather events have had a devastating effect on the lives of many New Zealanders. It is too early to accurately assess the monetary policy implications of these weather events, given that the scale of destruction and economic disruption are only now becoming evident. The timing, size, and the nature of funding the Government’s fiscal response are also yet to be determined. The Committee’s current assessment is that over coming weeks, prices for some goods are likely to spike and activity will be weaker than previously expected. Export revenues will be negatively impacted. Monetary policy is set with a medium-term focus, and the Committee will look through these short-term output variations and direct price effects. In time, the infrastructure and community rebuild will add to activity and inflationary pressures, especially post at 8:02pm:
RBNZ MINUTES: MEMBERS NOTED THE RAPID PACE AND EXTENT OF TIGHTENING TO DATE IMPLIES MONETARY POLICY IS NOW CONTRACTIONARY - https://t.co/wXVagA44VK post at 8:03pm: RBNZ: COMMITTEE MEMBERS AGREED THAT MONETARY CONDITIONS NEEDED TO TIGHTEN MUCH MORE. post at 8:04pm: RBNZ MINUTES: AS IN THE NOVEMBER STATEMENT, THE CENTRAL PROJECTIONS SHOW A DECLINE IN GDP THIS YEAR post at 8:04pm: RBNZ: WHILE THERE ARE EARLY SIGNS OF LESSENING PRICING PRESSURES, CORE CONSUMER PRICE INFLATION REMAINS EXCESSIVE.
- From rbnz.govt.nz|Feb 21, 2023
The Committee agreed that the OCR still needs to increase, as indicated in the November Statement, to ensure inflation returns to within its target range over the medium term. While there are early signs of price pressure easing, core consumer price inflation remains too high, employment is still beyond its maximum sustainable level, and near-term inflation expectations remain elevated. Cyclone Gabrielle and other recent severe weather events have had a devastating effect on the lives of many New Zealanders. It is too early to accurately assess the monetary policy implications of these weather events, given that the scale of destruction and economic disruption are only now becoming evident. The timing, size, and the nature of funding the Government’s fiscal response are also yet to be determined. The Committee’s current assessment is that over coming weeks, prices for some goods are likely to spike and activity will be weaker than previously expected. Export revenues will be negatively impacted. Monetary policy is set with a medium-term focus, and the Committee will look through these sho post at 8:04pm: THE RBNZ STILL EXPECTS THE CASH RATE TO PEAK AT 5.5%.
- From abs.gov.au|Feb 21, 2023
Key statistics: In seasonally adjusted terms in the December quarter: • Total construction work done fell 0.4% to $55,272.0m • Building work done fell 1.6% to $30,578.6m • ...
-
- Newer Stories
- From business.nab.com.au|Feb 21, 2023
Global inflation data showed the slowing trend in consumer price growth continued in December. That said, while it appears that global price growth may now be past its peaks, ...
- From @LiveSquawk|Feb 21, 2023
post at 8:31pm: BoJ’s Tamura: Policy Review Needed At Some Point In Future -Appropriate To Continue With Easing For Now post at 8:33pm: BOJ'S BOARD MEMBER TAMURA: AT SOME TIME, THE INFLATION OBJECTIVE SHOULD BE REVIEWED. post at 8:34pm: BOJ'S BOARD MEMBER TAMURA: THE BROADENING OF THE YIELD BAND IN DECEMBER WAS NOT INTENDED TO TIGHTEN MONETARY POLICY. post at 8:36pm: BOJ'S BOARD MEMBER TAMURA: JAPAN'S ECONOMY IS LIKELY TO RECOVER, BUT THE OUTLOOK IS EXTREMELY UNCERTAIN.
- From iframe.dacast.com|Feb 21, 2023
- Story Stats
- Posted: Feb 21, 2023 8:13pm
- Submitted by:Category: Medium Impact Breaking NewsComments: 1 / Views: 1,338