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Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. Annual consumer price inflation is expected to return to within the Committee’s 1 to 3 percent target range by the end of 2024. The welcome decline in inflation in part reflects lower inflation for goods and services imported into New Zealand. Globally, consumer price inflation has declined from 30-year highs in many advanced economies. However, services inflation is receding slowly, and expected policy interest rate cuts continue to be delayed. In New Zealand, pressures in the labour market ... (full story)
Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. Annual consumer price inflation is expected to return to within the Committee’s 1 to 3 percent target range by the end of 2024. The welcome decline in inflation in part reflects lower inflation for goods and services imported into New Zealand. Globally, consumer price inflation has declined from 30-year highs in many advanced economies. However, services inflation is receding slowly, and expected policy interest rate cuts continue to be delayed. In New Zealand, pressures in the labour market ... (full story)
The Bank sees the cash rate ahead at: • 5.61% in September 2024 (prior 5.6%). • 5.54% in June 2025 (prior 5.33%). • 5.4% in September 2025 (prior 5.15%). • 2.99% in June 2027. That 5.4% in September 2025 is a full 25bp higher than its previous forecast. Forecasts inflation at 2.6% y/y by June 2025. Statement: • Monetary policy needs to be restricted. • Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. • Annual consumer price inflation is expected to return to within the committee's 1 to 3 percent target range by the end of 2024. ... (full story)
Odds of the BOC cutting interest rates in June rose to 48% from 40% following Tuesday’s inflation report, which saw annual trimmed mean inflation join the BOC’s other two key CPI ...
post: PBoC Sets Yuan Mid-Point At 7.1077 / Dollar Vs Last Close 7.2377
New Zealand Dollar traders eagerly anticipate the Reserve Bank of New Zealand’s Official Cash Rate (OCR), a critical event that can significantly impact the market. Over the past ...
On Wednesday (May 22), the Reuters Tankan Index and trade data from Japan put the USD/JPY in focus. The Reuters Tankan Index remained unchanged at a value of 9 in May. Economists ...
NZD/USD received support as RBNZ maintained the interest rate at 5.5% as inflation remained elevated. RBNZ is expected to maintain higher rates for longer as annual CPI remains ...
video At 2pm we publish: the official cash rate our Monetary Policy Statement our media release about the Monetary Policy Statement. The Monetary Policy Statement is published ...