Consumer prices rose 1.4% in the December quarter. That took the annual inflation rate to 5.9%, its highest level since 1990. Inflation pressures are broad based, boosted by a potent cocktail of strong demand and rising cost pressures. Those factors point to ongoing high levels of inflation over 2022. Today’s result reinforces our expectation for […]
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The RBNZ cut the OCR by 50bps to 4.25% at its final policy meeting for this year. The RBNZ’s OCR forecast profile was revised down as expected and now shows the OCR at 3.55% at Read more…
AUD/NZD plunged in the Asian session, driven by contrasting developments in Australia and New Zealand. However, it is too early to declare a bearish trend reversal for the cross, with near-term sideways consolidation likely. In Read more…
RBNZ delivered a widely expected 50bps cut to its Official Cash Rate, bringing it down to 4.25%. The central bank maintained easing bias, stating that if economic conditions align with projections, “the Committee expects to Read more…