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
Australian dollar currency notes on issue crosses 100 billion
The amount of Australian dollar currency notes on issue crossed the A$100 billion mark this week, rising to A$100.153...
Published on : 22 Oct 2021 , 05:25 PMSome Facts On RBA/AOFM Bond Lending Facility
Following RBA announcement after market hours Tuesday about indicative fee for borrowing (RBA as lender) April 2023 a...
Published on : 20 Oct 2021 , 10:12 AMRBNZ's Hawkesby Promoted to Deputy Governor
The Reserve Bank of New Zealand has announced the promotion Christian Hawkesby to the position of deputy governor, ef...
Published on : 06 Oct 2021 , 12:00 AMBig Four Banks Forecast for RBA Cash Rate
Big four banks' forecast for the RBA cash rate:
--ANZ expects first rate hike in 1H of 2024. "Our...
Published on : 17 Sep 2021 , 10:50 AMRBA Lowe's speech at 1300 hours today
Small change in timing of RBA Governor Philip Lowe's speech this afternoon, now at 1300 hours Sydney time (was 12...
Published on : 14 Sep 2021 , 11:55 AMAOFM's 2032 Treasury Indexed Bond Syndication likely A$3.0B
The AOFM is expected to issue A$3.0 billion of 0.25% November 2032 Treasury Indexed Bond after orderbook topped A$7.1...
Published on : 24 Aug 2021 , 09:10 AMAOFM's 2032 Treasury Indexed Bond Syndication Attracts A$3.3B
The AOFM's syndication of 0.25% November 2032 Treasury Indexed Bond attracted orderbook over A$3.3 billion by 130...
Published on : 23 Aug 2021 , 02:23 PMRBA Lowe's June 30 panel participation cancelled as event postponed
RBA Governor Philip Lowe's panel participation at a banking conference on Wednesday (June 30) has been cancelled...
Published on : 28 Jun 2021 , 11:49 AMRBA's Ellis may talk on labor market, underemployment
RBA Assistant Governor Luci Ellis will be speaking at AI Group Business Lunch event this afternoon. The speech is due...
Published on : 23 Jun 2021 , 11:04 AMBig four banks' forecast for RBA 3-year yield target, QE3
Earlier Wednesday, ANZ published its view on third round of RBA's bond purchase program. In a note Wednesday, ANZ...
Published on : 19 May 2021 , 01:44 PM