Subscribe To
RBNZ kept rates unchanged, remains concerned on inflation, but technicals remain bearish
The RBNZ cap rate unchanged today for the 2nd consecutive meeting. A summary of the decision:The committee has observed that the prevailing interest rate level is curbing spending, subsequently reducing inflationary pressures, as was both expected and necessary. The Official Cash Rate (OCR) is anticipated to remain at these restrictive levels for the foreseeable future. This decision aligns with the trajectory of the New Zealand economy, which is progressing as previously predicted.While there h...
Read More
Posted: Aug 16 2023, 14:24
Author Name: forexlive
Views: 112547