Tag Archives: RBNZ
While second-tier for markets, last week’s local economic news further fleshed out
Following recent sharp falls in oil prices and the related softening in the inflation outlook,
This week the RBNZ left its Official Cash Rate (OCR) unchanged at 3.50%.
The RBNZ unceremoniously dumped its long-held tightening bias this morning.
We reckon the RBNZ has taken a gamble that the benefits of hammering the NZD
The NZD is little changed from its opening level yesterday,
The Reserve Bank has a lot to try to achieve at this Thursday’s OCR review.
The services sector ended on a solid note in 2014, with expansion improving during December,
In the week ahead, investors will be focusing on Friday’s preliminary data
Annual inflation dipped below 1% in Q4 2014, en route to sub-zero in Q1 2015.
New Zealand is in the midst of a period of modest deflation.
After falling overnight, the dollar stabilized against G10 currencies in Asia.