Live Breaking News & Updates on February Monetary Policy

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Markets in Mildly Positive Mood as Another Debt Ceiling Talk Awaited

Mood is generally positive in Asian session today, with Hong Kong HSI leading other major indexes higher. While the G7 communique released after the meeting in Hiroshima drew furious response from both China and Russia, there was little reactions among investors. Dollar is trading mildly lower, followed by Canadian and Aussie. Kiwi is currently the stronger one as markets await this week's RBNZ rate hike. Yen is also recovering, followed by Euro and Swiss Franc. But overall, almost all major pairs and crosses are bounded inside Friday's range. ....

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Official Cash Rate increased to 5.25 percent - Reserve Bank of New Zealand

Official Cash Rate increased to 5.25 percent - Reserve Bank of New Zealand
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RBNZ lifts the OCR to 5.25% in surprise move to combat cyclone inflation

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 ....

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Official Cash Rate increased to 5.25 percent

Official Cash Rate increased to 5.25 percent
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Official Cash Rate Increased To 5.25

The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent. The Committee agreed the OCR needs to increase, as previously indicated, to return inflation to the 1-3 percent target . ....

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