RBNZ Hike 50bps to 2.5%
By Sophia Rodrigues
Published On 13 Jul 2022 , 12:57 PMThe Reserve Bank of New Zealand raised the official cash rate by 50bps for the third meeting in a row, taking the rate to 2.5%.
The RBNZ said it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support maximum sustainable employment, and that it is "resolute" in its commitment to ensure consumer price inflation returns to within the 1% to 3% target band.
"Once aggregate supply and demand are more in balance, the OCR can then return to a lower, more neutral, level," the RBNZ said.
LATEST SNIPPETS
RBA buys entire A$750m but yields rise vs Thu
The RBA has bought the entire A$750 million of government bonds it notified this morning, spreading the purchase amon...
Published on : 17 Apr 2020 , 12:00 AMAOFM to issue total A$11B of bonds, notes next week.
The AOFM has announced the following tenders next week, totaling A$6.0 billion of bonds and A$5.0 billion of notes. T...
Published on : 17 Apr 2020 , 12:08 PMRBA unexpectedly tapers bond-buying to A$750M
An unexpected further tapering in bond-buying by the RBA this week, with today's announcement to purchase A$750 m...
Published on : 17 Apr 2020 , 12:00 AMAustralia sells May 2032 bond at 0.9853% Weighted Avg Yld. Coverage 4.09 times
The AOFM has sold A$1.0 billion of 1.25% May 2032 government bond at a weighted average yield of 0.9853%. The co...
Published on : 17 Apr 2020 , 11:07 AMAustralia sells May 2032 bond at 0.9853% Weighted Avg Yld. Coverage 4.09 times
The AOFM has sold A$1.0 billion of 1.25% May 2032 government bond at a weighted average yield of 0.9853%. The co...
Published on : 17 Apr 2020 , 11:07 AMNo demand for USD at RBA's third repo auction
No demand for US dollars at the RBA's fourth repo auction. Overall too, there has been tiny demand for US dollars...
Published on : 17 Apr 2020 , 09:22 AMRBA buys A$810M of April 2025 govt bond
The RBA has bought the entire A$1.0 billion of government bonds it notified this morning, with 81% of the buying in t...
Published on : 16 Apr 2020 , 12:00 AMRBA tapers bond-buying further to A$1.0B
As expected, the RBA has reduced its bond-buying further today, notifying an amount of A$1.0 billion, compa...
Published on : 16 Apr 2020 , 12:42 PMAustralia New 2024 Allocation -- 17.3% to Hedge Funds, 31.5% to Bks-Trading
Despite declining nearly half of the bids at the clearing price, 17.3% of the new 0.25% November 2024 syndicated bond...
Published on : 16 Apr 2020 , 09:22 AMAustralia govt makes record for new 2024 bond issue
The Australian government has set a record for a new bond issue, printing A$13 billion of the new 0.25% Nov...
Published on : 15 Apr 2020 , 01:28 PM