The Federal Reserve Open Market Committee (FOMC) kept the federal funds rate at the current 0% to 0.25% range and will continue to taper its asset purchases so that its Quantitative Easing (QE) program ends in March. The Fed reiterated its language on the strength of the economy, stating that “job gains have been solid […]
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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…