BoJ’s Tamura: Policy Review Needed At Some Point In Future, Appropriate To Continue With Easing For Now
BoJ’s Tamura: Policy Review Needed At Some Point In Future— LiveSquawk (@LiveSquawk) February 22, 2023
-Appropriate To Continue With Easing For Now
BOJ'S BOARD MEMBER TAMURA: AT SOME TIME, THE INFLATION OBJECTIVE SHOULD BE REVIEWED.— Breaking Market News (@financialjuice) February 22, 2023
BOJ'S BOARD MEMBER TAMURA: THE BROADENING OF THE YIELD BAND IN DECEMBER WAS NOT INTENDED TO TIGHTEN MONETARY POLICY.— Breaking Market News (@financialjuice) February 22, 2023
BOJ'S BOARD MEMBER TAMURA: JAPAN'S ECONOMY IS LIKELY TO RECOVER, BUT THE OUTLOOK IS EXTREMELY UNCERTAIN.— Breaking Market News (@financialjuice) February 22, 2023
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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, ...
post at 8:12pm: BOJ ANNOUNCES EMERGENCY BOND BUYING OPERATION-RTRS
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.
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Key points for January 2023: • Seasonally adjusted domestic billings on New Zealand issued cards rose from $3.7 billion in December to $3.8 billion in January. • Seasonally ...
Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr is speaking at the February post-monetary policy meeting press conference this Wednesday, sticking with the central bank’s hawkish outlook following a 50 basis points (bps) Official Cash Rate (OCR) rate hike announcement. Key quotes "We are still predicting a recession over a 9-12 month period." post at 9:08pm: RBNZ'S GOVERNOR ORR: DEMAND MUST SLOW SIGNIFICANTLY. post at 9:12pm: RBNZ'S GOVERNOR ORR: INCREASED DEPOSIT RATES WILL PROMOTE SAVINGS. post at 9:12pm: RBNZ'S GOVERNOR ORR: MORE SAVINGS WILL RELIEVE INFLATIONARY PRESSURES. post at 9:15pm: RBNZ'S GOVERNOR ORR: ALL RATE HIKE ALTERNATIVES ARE ON THE TABLE.