Page 2 - February Statement News Today

Euro recovers broadly today, as lifted by GDP data that indicated the Eurozone economy has narrowly averted a technical recession. This positive development has also led to a notable rebound in Germany's benchmark treasury yields. Meanwhile selling pressure has shifted Sterling and Swiss Franc, both of which are ceding some of their recent gains against Euro. The upcoming CPI flash release on Thursday is now set to the next focal point for the common currency.

Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise

The Reserve Bank is now indicating it thinks the falls in house prices will slow during this year and will be about finished by the start of next year

Analysts at TD Securities note that the Reserve Bank of Australia (RBA) surprised the market by raising its policy rate by 25 basis points to 3.85%. W

OPINION: This could be the last hike in cycle, but near-future data will have final say.

Reserve Bank delivers its latest Monetary Policy Review.

The Reserve Bank of New Zealand has surprised the market with an above-expected 50 basis points rise, taking the official cash rate to 5.25%.

Reserve Bank lifts Official Cash Rate 50 basis points to 5.25% saying severe weather events have led to higher prices for some goods & services

The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent.

The Reserve Bank’s higher-than-expected Official Cash Rate hike “will push New Zealand into recession”, an economist says.
The bank today lifted the Offici