New Zealand
New Zealand Official Cash Rate Kept at 2.5%
April 28, 2010
New Zealand’s official cash rate (OCR) has been at 2.5% for a full year since a 50-basis point cut in April 2009. The decision to leave the OCR at 2.5% met expectations, but the statement from monetary officials was less hawkish than after the prior meeting in several respects. Less was said about private domestic […] More
Reserve Bank of New Zealand Meeting Review: No surprises
March 10, 2010
The Official Cash Rate of New Zealand was left at 2.5%, where it has been since April 2009. After New Zealand entered a five-quarter recession in the first quarter of 2008, 575 basis points of rate cuts were implemented between July 2008 and April 2009. As they did after the prior two meetings and as […] More
New Zealand Reserve Bank Signals Onset of Rate Increased to Occur Around Mid-2010
January 27, 2010
As expected, the Reserve Bank of New Zealand retained a 2.5% cash rate. It’s key policy rate has been at that level since the end of April 2009. Seven reductions totaling 575 basis points were implemented between July 2008 and then, starting with a cut of 25 bps in July 2008 and followed by a […] More
China and Greece Weigh on Investor Psychology
January 20, 2010
Markets continue to obsess about Greece’s fiscal problems. Stark of the ECB said that fiscal rules mustn’t be bent to accommodate Greece and stressed that the euro area economic recovery will be uneven and slow. The euro fell below $1.4200 and lost 0.9% against the dollar. The Swiss franc also fell 0.9%, while sterling is […] More
