Archive for June 28th, 2018

Central Bank Watch

No Plans to Lift New Zealand’s Official Cash Rate Anytime Soon

June 28, 2018

The best contribution we can make to maximising sustainable employment, and maintaining low and stable inflation, is to ensure the OCR is at an expansionary level for a considerable period. So concludes today’s Reserve Bank of New Zealand’s released statement following the decision to retain the OCR at a record low of 1.75%. The OCR […] More

New Overnight Developments Abroad - Daily Update

Stronger Canadian Dollar

June 28, 2018

Today’s major dollar change has been a decline against other North American currencies. The loonie is up 0.7%, as investors have become more confident that the Bank of Canada will raise its interest rate after the July Board meeting. The Mexican peso has also strengthened. Against other currencies, the dollar shows no net change against […] More

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