In true RBNZ style, the central bank came out swinging with a punchy 50 bps hike to tame inflation (and inflation expectations). Summary of today’s RBNZ statement: Increased the Official Cash Rate (OCR) to 1.50 Read more…
NZD/USD just receive very brief lift from larger than expected RBNZ rate hike. It struggles to break through 4 hour 55 EMA firmly and risk is mildly on the downside. Break of 0.6805 temporary low Read more…
RBNZ raises Official Cash Rate by 50bps to 1.50%, larger than expectation of a 25bps hike. That’s also the biggest rate increase in 22 years. It said in the statement that “moving the OCR to Read more…
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1.50 percent. The Committee agreed it is appropriate to continue to tighten monetary conditions at pace to best maintain price stability and support Read more…
Australia Westpac consumer sentiment index dropped -0.9% to 95.8 in April, down from March’s 96.6. That’s the lowest level since September 2020. Westpac said “concerns around interest rates and inflation were starting to weigh on Read more…
Richmond Fed President Thomas Barkin said yesterday, “the best short-term path for us is to move rapidly to the neutral range and then test whether pandemic-era inflation pressures are easing, and how persistent inflation has Read more…
RBNZ Monetary Policy Review, April 2022 The Reserve Bank raised the OCR by 50 basis points to 1.50%. The increase was larger than the majority of economists (including us) were expecting, but was more in Read more…
Key Highlights Gold price started a fresh increase from the $1,920 support. A key bullish trend line is forming with support near $1,940 on the 4-hours chart. EUR/USD is still below 1.0950, and GBP/USD is Read more…
Gold prices finished positive in the previous week and have ascended to reach a new monthly high in the current, creating further excitement for market participants. Despite Gold’s price remaining nearby familiar levels for the Read more…
Notwithstanding the ongoing challenges in semiconductors, this company sees boom times. Chip stocks may be coming under pressure as interest rates rise, but that doesn’t mean business isn’t any good. In fact, the CEO of Read more…