- Analytics
- News and Tools
- Market News
- Reserve Bank of New Zealand kept its monetary policy unchanged
Reserve Bank of New Zealand kept its monetary policy unchanged
The Reserve Bank of New Zealand (RBNZ) released its interest rate decision on Wednesday. The RBNZ kept its interest rate unchanged at 2.75% as widely expected by analysts.
The central bank noted that further monetary policy easing is possible, but it will depend on the incoming economic data.
"To ensure that future average CPI inflation settles near the middle of the target range, some further reduction in the Official Cash Rate (OCR) seems likely," the RBNZ Governor Graeme Wheeler said.
He noted that the inflation was below the 1%-3% target range, driven by earlier strength in the New Zealand dollar and lower global oil prices. Wheeler expects the inflation to return within the target range by early 2016.
The RBNZ governor also said that strong house price inflation in Auckland is a risk to financial stability.
Wheeler noted that the recent rise in diary prices was contributed to improved household and business sentiment.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
