RBNZ Governor Adrian Orr affirmed today that the economy is “evolving as anticipated”, with inflation expectations declined. However, he reiterated inflation “is still too high”. The governor emphasized the necessity of maintaining a restrictive monetary policy stance “for some time.” He added that he expects to “begin normalizing policy in 2025.”
The post RBNZ’s Orr: Restrictive policy to stay, expects normalization next year appeared first on Action Forex.
Daily Pivots: (S1) 195.79; (P) 196.55; (R1) 197.34; More… Intraday bias in GBP/JPY remains neutral at this point. As noted before, corrective pattern from 180.00 is extending with another rising leg. Further rise is expected Read more…
Daily Pivots: (S1) 162.42; (P) 163.04; (R1) 163.73; More… Intraday bias in EUR/JPY stays on the upside for the moment. Corrective pattern from 154.04 is extending with another rising leg. Further rise should be seen Read more…
Daily Pivots: (S1) 0.8276; (P) 0.8294; (R1) 0.8318; More… Intraday bias in EUR/GBP stays neutral for the moment and more consolidations would be seen.. On the upside, break of 0.8326 resistance will indicate short term Read more…