RESEND: NZ dollar gains as RBNZ confirms OCR unchanged in ‘less dovish’ statement

Wed, 25 Jul 2012

July 26 (BusinessDesk) - The New Zealand dollar rose against the greenback after the central bank kept the official cash rate unchanged as expected and stuck to its view from last month’s monetary policy statement, even after more benign inflation data. The kiwi dollar rose to 79.05 US cents after the RBNZ statement, from 78.88 cents immediately before and from 78.31 cents at 5pm yesterday. The trade weighted index rose to 71.71 from 71.54 before the statement and from 71.26 yesterday. Underlying annual inflation “is expected to settle near...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
NATO holds its most important summit in generations
The Economist | Mon, 27 Jun 2022

Jacinda Ardern becomes the first NZ prime minister to attend a NATO summit, this week in Madrid. The meeting marks a crucial moment in the alliance's approach to both Russia and China, says The Economist.

Bloomberg
China’s Economy Improves in June From Lockdown-Induced Slump
Bloomberg | Mon, 27 Jun 2022

Relaxation of covid restrictions helped revive China's economy in June, but the housing sector remains sluggish, metal prices are down and consumers are wary about venturing out to shop.

The Quiz FREE
QuiznessDesk, Monday, June 27, 2022
The Quizmaster | Mon, 27 Jun 2022

Don't forget to give our daily quiz a go. Good luck!

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.