RBNZ Leaves OCR Unchanged at 5.5%
By Sophia Rodrigues
Published On 10 Jul 2024 , 12:31 PMAt the July Monetary Policy Review, the RBNZ kept the Official Cash Rate unchanged at 5.5%, saying monetary policy will need to remain restrictive. It, however, opened the door for an earlier cut by stating that the extent of restraint will be tempered over time consistent with the expected decline in inflation pressures.
In the short statement, the RBNZ said restrictive monetary policy has significantly reduced inflation and the Committee expects headline inflation to return to within the 1-3% target range in the second half of the year.
LATEST SNIPPETS
AOFM’s auction of June 2031 Australian govt bonds performs well
AOFM’s auction of A$1 billion of 1.5% June 2031 bond today generates relatively strong demand with weighted ave...
Published on : 05 Mar 2021 , 11:12 AMAOFM’s auction of June 2031 Australian govt bond eyed
The results of the AOFM’s auction of A$1 billion of 1.5% June 2031 bond today will be an interesting one, given...
Published on : 05 Mar 2021 , 10:26 AMGreater interest in ASX’s Bond Basket for September 3-Yr Bond Futures
More than usual interest this time in the bond basket for ASX’s September futures contract for three years. The...
Published on : 04 Mar 2021 , 11:11 AMRBA succeeds in driving 3-year yield down at bond-buying auction today
The RBA's aggressive buying of bonds for second consecutive day under the 0.1% three-year yield target polic...
Published on : 26 Feb 2021 , 02:52 PMAOFM doubles T-Notes issuance next week, as expected
As expected, the AOFM doubled the amount of T-Notes at tenders next week to A$2 billion from A$1 billion in the last...
Published on : 26 Feb 2021 , 12:10 PMRBA buying A$3B under yield target policy (as CB-Intel flagged)
The RBA has announced it will buy A$3 billion of the April 2023 and April 2024 government bonds under the yield targe...
Published on : 26 Feb 2021 , 11:38 AMAOFM may raise T-Notes tender next week
After reducing weekly T-Notes tenders to just A$1.0 billion (lowest since March last year) last two times, the AOFM m...
Published on : 26 Feb 2021 , 10:56 AMCould RBA surprise with bond-buying today?
All eyes on the RBA today for any announcement on bond purchases under the three-year yield target policy. Since Nove...
Published on : 26 Feb 2021 , 10:35 AMAustralia wage price index beat expectations as some wage reductions unwind
Australia's wage price index beat expectations with a 0.6% q/q and 1.4% y/y rise in December 2020 quarter, data p...
Published on : 24 Feb 2021 , 11:37 AMAOFM sells May 2032 bond at 1.69% weighted average yield
The AOFM sold A$2 billion of the 1.25% May 2032 government bond at weighted average issue yield of 1.6900%.&nbs...
Published on : 24 Feb 2021 , 11:20 AM