Central Bank Watch
Another New Zealand Interest Rate Hike Carries Surprise
April 5, 2023
Officials at the Reserve Bank of New Zealand had been expected to leave policy steady but instead raised the Official Cash Rate by another 50 basis points to a 171-month high of 5.25%. This was the second half percentage point tightening of 2023 and follows 350 basis points of increase during 2022 and 50-bp hike […] More
New Overnight Developments Abroad - Daily Update
Service Sector Purchasing Manager Surveys and Some Central Banking Developments
April 5, 2023
The dollar overnight traded 0.6% higher against the Australian dollar, 0.5% lower versus the Japanese yen, and held steady on balance against the euro and Canadian dollar. Equities closed down 1.7% and 0.7% in Japan and Hong Kong and up 0.8% and 0.6% in India and South Korea. In Europe, the German Dax is down […] More
