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Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. Annual consumer price inflation is expected to return to within the Committee’s 1 to 3 percent target range by the end of 2024. The welcome decline in inflation in part reflects lower inflation for goods and services imported into New Zealand. Globally, consumer price inflation has declined from 30-year highs in many advanced economies. However, services inflation is receding slowly, and expected policy interest rate cuts continue to be delayed. In New Zealand, pressures in the labour market ... (full story)
Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. Annual consumer price inflation is expected to return to within the Committee’s 1 to 3 percent target range by the end of 2024. The welcome decline in inflation in part reflects lower inflation for goods and services imported into New Zealand. Globally, consumer price inflation has declined from 30-year highs in many advanced economies. However, services inflation is receding slowly, and expected policy interest rate cuts continue to be delayed. In New Zealand, pressures in the labour market ... (full story)
The Bank sees the cash rate ahead at: • 5.61% in September 2024 (prior 5.6%). • 5.54% in June 2025 (prior 5.33%). • 5.4% in September 2025 (prior 5.15%). • 2.99% in June 2027. That 5.4% in September 2025 is a full 25bp higher than its previous forecast. Forecasts inflation at 2.6% y/y by June 2025. Statement: • Monetary policy needs to be restricted. • Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. • Annual consumer price inflation is expected to return to within the committee's 1 to 3 percent target range by the end of 2024. ... (full story)
Since the March low, it’s been nearly a straight line up to record highs on the London Metals Exchange (LME) and the COMEX exchange in the USA. Aussie copper stocks have followed, ...
post: PBoC Sets Yuan Mid-Point At 7.1077 / Dollar Vs Last Close 7.2377
From coffee to cocoa, orange juice to gold, and silver to copper, commodity prices are spiking across the board (we outlined this on Monday). The latest surge occurred Tuesday ...
The silver market is holding initial support over $31 an ounce, and according to one major bank, the precious metal has room to move higher as momentum picks up. In a note ...
Platinum has rallied strongly in the last month. By the end of last week, the platinum price had broken out of its trading range of the last year. Starting from nearly $900/oz in ...
video At 2pm we publish: the official cash rate our Monetary Policy Statement our media release about the Monetary Policy Statement. The Monetary Policy Statement is published ...