-
RBNZ preview: Will Orr's 'Shock and Awe' return as key rates decision looms?
New Zealand's economic activity shows little sign of recovery despite significantly lower interest rates, with many sentiment surveys still languishing in recessionary territory. For the Reserve Bank of New Zealand (RBNZ), this underscores the urgent need for much less restrictive monetary policy. With inflation expectations anchored around the midpoint of its 1–3% target range and with projections for another 175 basis points of rate cuts this cycle, the board may be tempted to cut by more than 50 basis points with an 84-day gap between its November and February meetings. A truly jumbo cut next Wednesday could be ... (full story)
- Comments
- Subscribe
-
- Older Stories
From bnnbloomberg.ca|Nov 22, 2024The euro fell to the lowest level in two years as traders bet the European Central Bank will have to cut interest rates aggressively to bolster the region’s economy. The common ...
From breakingthenews.net|Nov 22, 2024The Consumer Sentiment Index in the United States rose 1.8% in November less than expected compared to the previous month to land at 71.8, according to the final report published ...
From think.ing.com|Nov 22, 2024|1 commentAs many had been fearing and our team had been writing this week, today’s softer-than-expected European PMI numbers have proved the catalyst for a downside breakout in the euro. ...
-
- Newer Stories
From forexlive.com|Nov 22, 2024video The USD/JPY pair moved lower in the early Asian session but found support once again near the rising 100-bar moving average on the 4-hour chart, currently at 153.944. This ...
From scotiabank.com|Nov 22, 2024|1 commentCanada’s consumers are alive and kicking and on track to post the strongest back-to-back quarterly gains in retail sales volumes in a decade (chart 1). The last time we saw 5%+ ...
From notayesmanseconomics.wordpress.com|Nov 22, 2024This morning has seen a selection of poor economic news in Europe and the UK. If not quite toxic rather unpalatable and let me start with something that I marked you cards about ...
- Story Stats
- Posted: Nov 22, 2024 11:40am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,966
