The RBNZ delivered another 50 basis point OCR hike to 3.5%, and hinted that the urgency to deal with inflation pressures has increased. RBNZ Monetary Policy Review, October 2022 The Reserve Bank increased the Official Cash Rate by another 50 basis points to 3.5% and signalled more increases to come. The accompanying statement repeated much […]
The post First Impressions: RBNZ Monetary Policy Review, October 2022 appeared first on Action Forex.
RBNZ’s latest Survey of Expectations for May revealed a notable uptick in inflation forecasts across all time horizons. One-year-ahead inflation expectations climbed from 2.15% to 2.41%, while two-year expectations rose from 2.06% to 2.29%. Even Read more…
The US–China 90-day deal shows that actual outcomes are typically less bad than the ambit claims the Trump administration first announces. Once again, the US administration has shown that its initial announcements are usually ambit Read more…
Key Highlights USD/JPY started a downside correction and traded below 147.20. A connecting bullish trend line is forming with support at 144.50 on the 4-hour chart. EUR/USD could aim for a recovery if it clears Read more…