Willis Wanted to Discuss Bank Capital Before Orr Resigned from RBNZ
Finance Minister’s Meeting with Reserve Bank Governor Precedes Resignation New Zealand’s Finance Minister, Nicola Willis, requested a meeting with former Reserve Bank Governor Adrian Orr to discuss the bank’s capital requirements just weeks before his unexpected resignation. A document made public on Wednesday in Wellington revealed that Willis was also looking for guidance on how […]
The NZDUSD continued the fall that started last week after the RBNZ rate cut. What next? – ForexLive
NZDUSD traded to a 2024 high last week (8 business days ago). The high reached 0.63778. It traded at a low of 0.60516 today after trading 50 basis points above the cut rate. This is 327 pips in one trading day. Technically, the decline seen in today's trading has pushed the price below a cluster […]
New Zealand’s RBNZ expected to cut interest rate by 50 bps amid slowing economic activity – FXStreet
The Reserve Bank of New Zealand is expected to cut interest rates by 50bps to 4.75% on Wednesday. The deepening economic downturn in New Zealand's economy and optimism about inflation point to the possibility of a major rate cut from the RBNZ. The RBNZ's policy announcement is likely to cause severe volatility for the New […]
RBNZ maintains interest rate at 5.50%, New Zealand Dollar jumps – FXStreet
Following the conclusion of its April policy meeting on Wednesday, Reserve Bank of New Zealand (RBNZ) board members decided to maintain the Official Cash Rate (OCR) at 5.50%. This decision was in line with market expectations. RBNZ Monetary Policy Statement (MPS) Overview New Zealand’s economy continues to evolve in line with the Monetary Policy Committee’s […]