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  • Official Cash Rate increased to 5.25 percent

    From rbnz.govt.nz

    The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent. The Committee agreed the OCR needs to increase, as previously indicated, to return inflation to the 1-3 percent target range over the medium term. Inflation is still too high and persistent, and employment is beyond its maximum sustainable level. The level of economic activity over the December quarter was lower than anticipated in our February Monetary Policy Statement and there are emerging signs of capacity pressures in the economy easing. However, demand continues to significantly ... (full story)

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  • NZD/USD cheers RBNZ’s 50 bps rate hike to renew multi-day top near 0.6380, US data eyed

    From fxstreet.com

    NZD/USD justifies the Reserve Bank of New Zealand’s (RBNZ) 11th rate hike as it renews the seven-week top following the Interest Rate Decision during early Wednesday, picking up bids to 0.6380 by the press time. RBNZ surpasses market forecasts while announcing 50 basis points (bps) worth increase to its Official Cash Rate (OCR), lifting it to 5.25% from 4.75% prior. While the hawkish RBNZ moves can be linked to the NZD/USD pair’s latest run-up, the broad-based US Dollar weakness shouldn’t also be missed while citing the bullish catalysts. That said, the US Dollar Index (DXY) dropped to the fresh low since ... (full story)

wow. She will be running now.. smoothly
Early to bed, early to rise, keeps you healthy, wealthy and wise.
this shows how gutless our rba is here in aussieland
KEEP THIS THREAD CLEAN
Pump and Dump on NZD.
The most fearless CB out there
Doing what needs to be done. RESPECT
These guys have balls!
The same step must also be taken USD (FED) ... raising interest rates to 10%
Follow price direction
Isn't it a bit odd to raise rates when they admit that the economic activity was slower than expected and when they also need rebuilding "in the aftermath of the weather events"?
Quoting nytrader
Isn't it a bit odd to raise rates when they admit that the economic activity was slower than expected and when they also need rebuilding "in the aftermath of the weather events"?
retirees who are self funded need the interest rates to go up been the patsy for the home owners for years has far as homeowners to bad thats what happens when weather events happen and you have insurance , slower economic activity its a boom bust now it has not slowed down
KEEP THIS THREAD CLEAN
Quoting Aussi
{quote} retirees who are self funded need the interest rates to go up been the patsy for the home owners for years has far as homeowners to bad thats what happens when weather events happen and you have insurance , slower economic activity its a boom bust now it has not slowed down
There are more direct way to support retirees, arguably with less side effects. And many retirees don't have a sizeable deposit to benefit from the higher rates.
Quoting hesron
The same step must also be taken USD (FED) ... raising interest rates to 10%
Just as you said, but the dollar needs to see if raising rates has impact on the economy as time passes. For now it's trying it's best not to have low rates ,it's also not leading in raising rates, but in the smart money world i.e London GBP and Europe EUR it's the leading in rates. The economy cycle should play itself as it's masters sit behind and sip coffee, what a world!
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