RBNZ OCR held at 1.75%

The Reserve Bank of New Zealand's monetary policy meeting was largely a non-event as it was partly overshadowed by the Fed's announcement to hike interest rates. The central bank meeting which followed a few hours after the Fed meeting last Wednesday saw the RBNZ OCR held at 1.75% in March. The central bank kept rates steady at 1.75% since Se...

2018-04-10 John Benjamin Read more
RBA, RBNZ, BoE interest rate decisions

The week ahead will see a continuation in the central bank meetings. The lineup includes the Reserve Bank of Australia, the RBNZ and the Bank of England. No changes are expected from either of the central banks at this week's meeting but investors will be watching for the forward guidance from the respective central banks. On the economic fro...

2018-03-20 John Benjamin Read more
RBNZ_Kiwi

The week ahead will see the continuation of the central bank decisions with the focus turning to the RBA and the RBNZ. Both the central banks are expected to remain on the sidelines, however, as no rate hikes are expected this week. Economic data from the US is expected to remain on the back foot following a rather busy trading week. China will...

2017-12-12 John Benjamin Read more
NZD_Inflation_New Zealand

New Zealand Dollar Under Pressure The New Zealand Dollar continues to trade on a weak footing and has now moved to its lowest level since May as a combination of factors continue to exert downward pressure. The domestic economy is still experiencing patchy momentum as late-cycle challenges are appearing; indicators are showing a declining contr...

2017-10-22 James Harte Read more
New Zealand_AUDNZD

Business As Usual For RBNZ At their upcoming September meeting this week, the RBNZ is widely expected to leave policy unchanged. Among the data since the last meeting there have been some positive surprises but most likely not enough to justify a shift in monetary policy as political uncertainty cast a cloud over the outlook. It will take quit...

2017-10-22 James Harte Read more
RBNZ_Kiwi

The markets head into a slow week. From the US Fed speakers include Janet Yellen who will be speaking next week. A rather busy week from the US will see the GDP revisions for the second quarter alongside the core PCE price index data. In the eurozone, preliminary inflation numbers from Germany, Spain, and France will culminate with the flash i...

2017-10-22 John Benjamin Read more
RBNX_Wheeler_Interest rate

The New Zealand Dollar fell overnight in response to comments made by RBNZ governor Wheeler who said that “A lower New Zealand dollar is needed to increase tradables inflation and help deliver more balanced growth.”  The RBNZ governor also said that the RBNZ is concerned about keeping inflation on course to hit the top end of the bank’s 1% - 3% ...

2017-08-30 James Harte Read more
New Zealand_AUDNZD

The Reserve Bank of New Zealand decision will be released in few hours, while the economic activities have weakened further compared with the data that was available for the bank during the previous decision. At 09:00 GMT+, eyes will be on the Official Cash Rate, Followed by the Rate Statement and the Monetary Policy Statement, while the Press ...

2017-08-09 Nour Eldeen Al-Hammoury Read more

The New Zealand Dollar has moved into the spotlight over recent weeks in light of explosive gains against the US Dollar, but has since suffered a retracement lower, leaving traders wondering – Where is price headed next? Six Years Without Recession The gains are of little surprise considering the positive momentum of the New Zealand economy ...

2017-08-09 James Harte Read more
August 2017_Market outlook_0108

The month of July saw the investor sentiment in the US dollar continue to deteriorate. The greenback came under pressure on both fronts that included economic and political developments. Inflation remained a major concern among policymakers. While the uncertainty about the stability of the Donald Trump government continued to play in the backgr...

2017-08-01 John Benjamin Read more