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👤Nurudeen Amedu
🕔October 11, 2016
The Central Bank Assistant Governor John McDermott expressed on Tuesday that the New Zealand inflation rate is expected to rally in the fourth quarter, back to the lower end of the Reserve Bank of New Zealand’s targeted objective.
“In New Zealand, tradable inflation, which accounts for almost half of the CPI regimen, has been negative for the past four years,” McDermott said in prepared remarks at the Bay of Plenty Employers and Manufacturers Association in Rotorua on Tuesday.…
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👤Nurudeen Amedu
🕔October 7, 2016
Stanley Fischer, an economist and the vice chair of the US Federal Reserve stated on Wednesday that that policy makers should be concerned about the apparent “sizable decline” in the so-called natural rate of interest in recent years, which could make the economy more vulnerable to adverse shocks that render traditional monetary policy ineffective.…
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👤Nurudeen Amedu
🕔September 3, 2016
Comments made by Richmond Fed President Lacker held implications that the Fed Funds rate should be much higher than it is now. He however said that he was still weighing his options concerning the issue of a September rate increase, further adding that the US economy will need much higher interest rates, unless there is a considerable amount of slowing in job growth.…
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👤Arthur Greene
🕔August 22, 2016
Gold futures today slumped to a 2-year low on the trail of comments made by a senior member of the Federal Reserve, the Fed Vice Chairman Stanley Fischer. Spot gold prices orbited around $1,333.40 an ounce in most of today’s trading session after the Fed Vice Chairman spoke to a conference in Aspen, Colorado on Sunday, where he stated that an interest rates hike this year was still much in the picture and that there would be a major upswing in the US economic growth.…
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RBNZ’s John McDermott Expects Rebound in Inflation
👤Nurudeen Amedu 🕔October 11, 2016The Central Bank Assistant Governor John McDermott expressed on Tuesday that the New Zealand inflation rate is expected to rally in the fourth quarter, back to the lower end of the Reserve Bank of New Zealand’s targeted objective.
“In New Zealand, tradable inflation, which accounts for almost half of the CPI regimen, has been negative for the past four years,” McDermott said in prepared remarks at the Bay of Plenty Employers and Manufacturers Association in Rotorua on Tuesday.…
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