RBNZ
A Rebound in Sovereign Bond Yields but Softer Stocks and Dollar
November 9, 2017
The dollar fell 0.5% overnight against the yen, 0.3% versus the euro and Swiss franc and 0.1% relative to the loonie. The Australian dollar and sterling are unchanged, and the kiwi, yuan and peso dipped 0.1%. Share prices eased 0.7% in Taiwan, 0.3% in New Zealand and 0.2% in Japan. Equity losses today in Europe […] More
Wait and See Market Mood
March 23, 2017
After stocks sold off earlier this week, there’s been a pause this Thursday, as investors await the U.S. House of Representatives vote on the Republican Insurance Policy and the scheduled public comments of Fed Chair Yellen and Minneapolis Fed District President Kashkari, who dissented from this month’s federal funds rate hike. Wednesday’s terrorist act in London […] More
New Zealand and Australian Central Banks in Spotlight
August 20, 2013
Central bank remarks, concerns about China, and softer commodities weighed on the kiwi and Aussie dollar, which respectively fell by 1.0% and 0.5% against their U.S. counterpart. Governor Wheeler of the Reserve Bank of New Zealand announced planned bank lending curbs to rein in house price inflation to be used in lieu of a hike […] More
Reserve Bank of New Zealand Keeps 2.5% Official Cash Rate
October 24, 2012
For the 22nd time in the last 25 interest rate policy meetings dating back to June 2009, the RBNZ’s Official Cash Rate was left unchanged at 2.5%. The three exceptions were two hikes of 25 bps administered in June and July of 2010 and a post-earthquake cut of 50 bps in March 2011. 2.5% matches […] More
Eye on the Federal Reserve
September 13, 2012
Ahead of the eagerly awaited FOMC policy decision and press conference at 16:30 GMT and 18:15 GMT respectively, stocks are down, and five other central banks have announced their policy decisions. The Reserve Bank of New Zealand’s Official Cash Rate was left at 2.5%, its level since March 2011. Officials suggested a change is unlikely […] More
