RBNZ sits pat on expectation of renewed inflation, ready to cut if prices don't rise
By Rebecca Howard Feb. 8 (BusinessDesk) - The Reserve Bank is ready to cut interest rates if inflation doesn't emerge as expected, but has enough confidence consumer prices will start rising to stay on hold given the murky economic outlook. "We put our numbers together and...
RBNZ's Spencer says narrow yield premium on NZ bonds vs US may widen again
By Rebecca Howard Feb. 8 (BusinessDesk) - Reserve Bank acting governor Grant Spencer says the narrow yield premium on New Zealand government bonds versus their US counterparts may not last - despite the divergent interest rate tracks between the central banks. New Zealand...
UPDATE: RBNZ's Spencer keeps OCR at 1.75%, no hikes on the agenda until at least 2019
(Adds detail from monetary policy statement, economist comment from 5th paragraph) By Rebecca Howard Feb. 8 (BusinessDesk) - Acting Reserve Bank governor Grant Spencer kept the official cash rate unchanged at 1.75 percent and continued to signal rates won't lift until the...
NZ dollar pares gains as looming RBNZ review takes sheen off jobs data
By Rebecca Howard Feb. 7 (BusinessDesk) - The New Zealand dollar got a strong lift from positive jobs data but pared the gains late in the day ahead of tomorrow's Reserve Bank's monetary policy review when it may attempt to jawbone the currency lower. The kiwi rose as high...
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