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
Headlines from the RBNZ’s November MPS on FLP:
Headlines from the RBNZ’s November MPS on FLP:
-Plan to implement Funding for Lending Programme in ea...
Published on : 11 Nov 2020 , 12:09 PMRBA buying semis in March 2025 to May 2028 maturity
The RBA is buying A$1.0 billion semis today under the A$100 billion bond-buying program.
The purchase...
Published on : 11 Nov 2020 , 11:32 AMResults of RBA's Bond-buying Auction Monday
Results of the RBA's bond-buying auction Monday, consisting of A$1.5 billion under 3-year yield target and A$2.0...
Published on : 09 Nov 2020 , 03:54 PMRBA buying total A$3.5B under 3-yr target, QE
The RBA is buying A$3.5 billion of government bonds today, with A$1.5 billion as part of its 3-year yield target, and...
Published on : 09 Nov 2020 , 11:33 AMHeadline from RBA Nov Statement on MonPol
RBA Not Contemplating Further Reduction In Interest Rates
RBA: Focus Will Be QE Program, Prepared To Buy More...
RBA buying A$2B of Nov 2028-May 2032 at 1st QE
The RBA is buying A$2 billion of November 2028 to May 2032 government bonds (excluding December 2030 bonds) as p...
Published on : 05 Nov 2020 , 11:21 AMRBA re-opening media lockups?
It appears the RBA's media lock-ups will restart from Friday when the Statement on Monetary Policy will be publis...
Published on : 04 Nov 2020 , 04:16 PMHeadlines from RBA Lowe's Speech Tuesday
RBA Lowe: No Change in View Little To Be Gained from Negative Policy Rate
RBA Lowe: Negative Policy Rate Extra...
More Headlines from RBA Policy
Any bond-buying to support 3-yr target would be in addition to A$100B QE
Not expecting to raise cash rate f...
Published on : 03 Nov 2020 , 02:35 PMHeadline from RBA's November MonPol Decision
From the RBA's November Monetary Policy Decision statement:
-Cuts cash rate target to 0.1% from 0.25%