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Monetary Policy Statement
The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%. Over the past year or so, the New Zealand economy has evolved broadly as anticipated by the Committee. Core inflation and most measures of inflation expectations have declined, and the risks to the inflation outlook have become more balanced. However, headline inflation remains above the 1 to 3 percent target band, limiting the Committee’s ability to tolerate upside inflation surprises. Restrictive monetary policy and lower global growth have contributed to aggregate demand slowing to better match the supply capacity of the ... (full story)
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RBNZ CONFIDENT CURRENT OCR LEVEL RESTRICTING DEMAND
— FinancialJuice (@financialjuice) February 28, 2024
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RBNZ LIMITS ABILITY TO TOLERATE UPSIDE INFLATION SURPRISES AS HEADLINE INFLATION EXCEEDS TARGET BAND
— FinancialJuice (@financialjuice) February 28, 2024
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RBNZ: OCR TO REMAIN RESTRICTIVE FOR EXTENDED PERIOD TO ENSURE DESIRED OUTCOME
— FinancialJuice (@financialjuice) February 28, 2024
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RBNZ MINUTES: RECENT DROPS IN CORE INFLATION AND BUSINESS INFLATION EXPECTATIONS ARE ENCOURAGING, BUT THEY REMAIN ABOVE THE 2 PERCENT MID-POINT OF THE COMMITTEE’S TARGET BAND.
— First Squawk (@FirstSquawk) February 28, 2024