RBNZ Press Conference

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.

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.