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By James Glynn SYDNEY--The Reserve Bank of New Zealand signaled that interest rates might need to remain restrictive for longer than expected due to stubborn inflation, delivering a hawkish... -May 21, 2024 at 11:54 pm EDT - MarketScreener
(Bloomberg) -- New Zealand’s central bank kept interest rates unchanged for a seventh straight meeting and signaled policy will need to stay tight for longer to stamp out stubborn inflation. Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorThese Flight Routes Suffer the World’s Worst TurbulenceBarclays Managers Warn Some Staff to Prepare for Five Days a Week in OfficeThe Reserve B
A tougher Reserve Bank stance means home loan borrowers must hold on a bit longer, economists say.
BRUSSELS (dpa-AFX) - The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday, after the New Zealand's central bank signaled delay in interest rate cuts
New Zealand Dollar surged sharply higher following RBNZ's unexpectedly hawkish rate decision. While OCR was left unchanged, the central bank signaled the increased possibility of another rate hike this year and delayed projected timing of the first rate cut to the second half of 2025. However, Kiwi quickly gave back some of its gains after RBNZ Governor Adrian Orr tempered expectations in his press conference. Orr emphasized that the OCR track is a only central projection, not a guaranteed outcome, and expressed satisfaction that inflation expectations are declining.