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
RBNX_Wheeler_Interest rate

The Reserve Bank of New Zealand's monetary policy meeting yesterday saw the central bank keeping the overnight cash rate (OCR) unchanged at 1.75% as widely expected. The central bank noted that economic developments since the February monetary policy statement has been neutral and maintained a somewhat dovish language saying "monetary policy wi...

2017-07-26 John Benjamin Read more
RBNZ_Wheeler_NZD_0902

Governor Graeme Wheeler and Prime Minister John Key. Image via Reserve Bank of New Zealand The New Zealand dollar fell sharply yesterday, losing 0.52% against the US dollar and was the weakest currency of the day after the RBNZ's monetary policy meeting and press conference. The Reserve Bank of New Zealand held the overnight cash rate steady a...

2017-02-09 John Benjamin Read more