The Reserve Bank of New Zealand raised its Official Cash Rate from 0.50% to 0.75% as expected as capacity pressures have continued to tighten. RBNZ says headline CPI inflation is expected to measure above 5 percent. Reserve Bank of New Zealand raise its Official Cash Rate from 0.50% to 0.75% The rise in the official cash rate comes after last month’s which was the first since 2014 when the OCR hit a post-GFC peak of 3.5 per cent. RBNZ projections … Continue reading “Reserve Bank of New Zealand Raised Rate 25 Basis Points as Expected”
Reserve Bank of New Zealand Raised Rate 25 Basis Points With Cost Pressures More Persistent
The Reserve Bank of New Zealand raised its Official Cash Rate from 0.25% to 0.5% as expected. Despite the persistent Delta variant outbreak expectations cost pressures are becoming more persistent. The move follows Mexico and Brazil Raising Rates.
Australia and New Zealand Central Banks Rule Out Adopting Cryptocurrencies
The Reserve Bank of Australia and the Reserve Bank of New Zealand have both ruled out issuing offical cryptocurrencies in the near time. They warned on the dangers of financial instability from poor structures and verification processes.