The RBNZ will keep the OCR at 5.5% and retain its baseline forecast that the rate cycle has peaked. Economic developments will likely be viewed as broadly mixed and so will likely lead to only modest changes in the Bank’s growth and inflation forecasts. Looking beyond this meeting, the Bank’s forecast for the OCR should […]
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Cruise ships have limited space, so in many cases adding something new means getting rid of something old. Those decisions can be tough because many cruisers like things to stay the same even if they Read more…
BoC Deputy Governor Rhys Mendes said in a speech today that “We no longer need interest rates to be as restrictive as they were,” which justified the larger rate reduction of 50 bps at this Read more…
The Australian dollar declined as much as 1% on Tuesday before recovering these losses. In the European session, AUD/USD is trading at 0.6497, down 0.1% on the day. Earlier, the Aussie dropped to low of Read more…