Yesterday and overnight the 3 central banks, Fed, RBNZ and BOJ, made their monetary policy decisions for the respective Countries, but nothing has changed and interest rates remain the same. 358 more words
Tags » Rbnz
The 0.1% inflation rate in New Zealand has largely been attributed to the 50% drop in oil prices since the start of last year – see chart. 183 more words
Today Graeme Wheeler the RBNZ governor announced at 0.25% cut in the OCR – now 2.25%. He listed the following reasons for the cut:
- Significant fall in inflationary expectations. 196 more words
There’s more than one country down under and this one rarely hit’s the headlines, until days like yesterday.
New Zealand’s central bank unexpectedly cut interest rates to a fresh record low and said further easing may be needed, joining global counterparts in adding stimulus to an economy struggling to generate inflation. 875 more words
Two central banks announced interest rate decisions today: the Bank of Canada (BOC) and the Reserve Bank of New Zealand (RBNZ). The BOC left rates at 0.50% while the… 819 more words