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A split emerged within the NZIER Monetary Shadow Board ahead of this week’s Reserve Bank of New Zealand policy decision. While the majority recommended keeping the Official Cash Rate unchanged at 2.25%, several members argued Read more…
ECB President Christine Lagarde opened the door wider to a June rate hike after signaling that the central bank’s inflation forecasts are likely to move higher again. Lagarde said the ECB’s March projection of 2.6% Read more…
The week remained focused on the Iran situation, as negotiations reached an important stage. Some progress was reported, but major issues remained, especially around Iran’s uranium enrichment program and how quickly sanctions could be eased. Read more…