Reserve Bank of New Zealand Raise Rates by 75bp to 4.25% to Highest Since January 2009

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  • #46325
    TradersCom
    Keymaster

    Reserve Bank of New Zealand Chief economist Conway:

    The Bank is hopeful that inflation has peaked
    As interest rates have risen, there are early indications that the economy is cooling
    The fall in house prices is expected to slow consumption
    Era of helpful tradeable inflation may have peaked
    The RBNZ underestimated the strength of tradable inflation
    China is no longer the deflationary force it once was

    #46495
    MoneyNeverSleeps
    Participant

    RBNZ Governor Orr says
    New Zealand is well positioned
    But inflation is still too high in an absolute sense
    Bank is firmly committed to meeting its inflation target

    #45064
    Corporal
    Participant

    The Reserve Bank of New Zealand aggressive hiking cycle continues. It raised its Official Cash Rate by another 75 bps to 4.25%, as expected. The RBNZ
    [See the full post at: Reserve Bank of New Zealand Raise Rates by 75bp to 4.25% to Highest Since January 2009]

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