RBNZ keeps interest rates on hold at 1.75%
|The Reserve Bank of New Zealand (RBNZ) said that it would leave the official cash rate unchanged at 1.75%, in a decision that was widely expected, highlighting that they will remain accommodative for a considerable period. A press conference will take place at 22:00 GMT.
Key headlines (via Reuters):
- Developments since Feb on balance considered to be neutral for monetary policy stance
- Numerous uncertainties remain and policy may need to adjust accordingly
- House price inflation has moderated further, moderation projected to continue
- Headline inflation to reach midpoint of target band over medium term
- Long-term inflation expectations remain anchored at around 2 pct
- Says in recent increase in headline inflation temporary
- Growth outlook remains positive
- Global growth has increased, more broad-based
- Domestic economic growth outlook remains positive
- Fall in TWI encouraging and if sustained will help rebalance growth outlook
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.