The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, February 22 at 01:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of three major banks. RBNZ is expected to raise the …
Read More »RBNZ preview: 50 bps seems appropriate
The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, February 22 at 01:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of six major banks. According to a Reuters survey of …
Read More »All eyes on the RBNZ
On November 1 New Zealand house prices showed the first sign of strain, with their first annual fall in more than 11 years. Prices fell 0.6% from the previous year, and values fell for a 7th consecutive month. This is due to the affordability challenge for buyers either getting new …
Read More »RBNZ Orr: At least two rate hikes to come
Adrian Orr, the governor of the Reserve Bank of New Zealand has stated that he thinks there will be at least another couple of rate hikes. This is being reported by Bloomberg TV covering Jackson Hole. Federal Reserve chair Jerome Powell’s speech is going to be key, but the bears …
Read More »RBNZ Orr: Can’t rule out a recession
Following Tuesday’s Reserve Bank of New Zealand’s interest rate decision, the governor, Adrian Orr said, Wednesday that he can’t rule out a recession but he does not predict it is inevitable. Orr also said an increasing labour force will push the jobless rate up and that government spending is adding …
Read More »RBNZ: Stagflation not a core risk
The Reserve Bank of New Zealand’s governor Adrian Orr stated that the RBNZ doesn’t see stagflation as a core risk, adding that ”it’s business as usual” on monetary policy and the central banks have ”no regrets on monetary policy,” and that he is ”proud of where we are”.Orr added that …
Read More »NZD/USD Surges Amid Ukraine’s Fighting
Friday’s trading session, so far, has witnessed risk appetite improved as European and US equities trade remain in the green territory, ahead of the weekend on a busy week in the financial markets. In the currencies’ space, risk-sensitive currencies led by the NZD and the AUD record gains, while safe-haven …
Read More »