Last Thursday it was no real surprise that the RBNZ cut the official cash rate to 2%. With this cut you would have expected some fall in the value of the $NZ but instead it appreciated. 350 more words
Tags » Rbnz
The impact of Brexit on the New Zealand economy should be limited when you consider the following statistics:
- 3.5% of total exports from NZ go to the UK – mainly sheep and wine. 268 more words
On this picture looks like that the RBNZ Governor Wheeler is showing to us that the current rate of 2.25% is to high, right!? Well, I am kidding for that, but at the last decision to stay on hold from April 28., that solution of the possible rate cut was mentioned for June. 62 more words
Last week, US economy had a shocking non-farm employment data of a mere 38,000 job growth in May (expected 164,000 new jobs). Market had been slowly gaining confidence on US economic growth and the shocking job’s data gave a big question mark in trader’s minds. 655 more words
There are some major trigger points this week.
Investors will be on data-watch now that we are in the first week of June, searching for clues on China’s economy and awaiting central bank decisions from Australia, India, South Korea and New Zealand. 485 more words