The Reserve Bank of New Zealand aggressive hiking cycle continues. It raised its Official Cash Rate by another 50 bps to 2.50%, as expected. The RBNZ is the first central bank in a developed money market to raise its cash rate above the neutral level. It also left the door open to another similar large increase at “at pace”. The bank projects the cash rate will double to 4.0% over the next year and remain there into 2024. The Reserve … Continue reading “Reserve Bank of New Zealand Raise Rates Above Neutral Level Tightening “At Pace””
Reserve Bank of New Zealand Raised Rates for Fifth Straight Time to Highest Since 2016
The Reserve Bank of New Zealand aggressive hiking cycle continues. It raised its Official Cash Rate by 50 bps to 2.00%, as expected. The RBNZ also left the door open to another similar large increase at its next meeting projects the cash rate will double to 4.0% over the next year and remain there into 2024. The Reserve Bank of New Zealand raised the cash rate to 2.0% from 1.5%. New Zealand’s central bank delivered its fifth straight interest rate … Continue reading “Reserve Bank of New Zealand Raised Rates for Fifth Straight Time to Highest Since 2016”
Reserve Bank of New Zealand Raised Rates 50 Basis Points to Help Reduce Risks of Rising Inflation Expectations.
The Reserve Bank of New Zealand raised its Official Cash Rate by 50 bps to 1.00%, as expected. The RBNZ also left the door open to another similar large increase at its next meeting in May. central bank will not reinvest QE proceeds and bond holdings will begin decreasing by NZD5 billion per year in July. The Reserve Bank of New Zealand raised the cash rate to 1.5% from 1.0%. The follows quarter-percentage-point increases at each of its October, November … Continue reading “Reserve Bank of New Zealand Raised Rates 50 Basis Points to Help Reduce Risks of Rising Inflation Expectations.”
Reserve Bank of New Zealand Raised Rate 25 Basis Points as Expected, Will Not Reinvest QE Proceeds
The Reserve Bank of New Zealand raised its Official Cash Rate by 25 bps to 1.00%, as expected. The central bank will not reinvest QE proceeds and bond holdings will begin decreasing by NZD5 billion per year in July. Reserve Bank of New Zealand raise its Official Cash Rate from 0.75% to 1.00% The rise in the official cash rate comes after last quarter’s which was the first since 2014 when the OCR hit a post-GFC peak of 3.5 per … Continue reading “Reserve Bank of New Zealand Raised Rate 25 Basis Points as Expected, Will Not Reinvest QE Proceeds”
Reserve Bank of New Zealand Raised Rate 25 Basis Points as Expected
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.