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RBNZ Cut Rates by 2%
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👤Nurudeen Amedu
🕔August 11, 2016
The Reserve Bank of New Zealand (RBNZ) slash rates yesterday by 0.25% to 2% in a bid to curb uncertainties arising from global growth. This is the sixth time the RBNZ have cut rates in the last 14 months. Showing that there will be some significant need for further easing, the RBNZ Governor, Graeme Wheeler said “Global growth is below trend despite being supported by unprecedented levels of monetary stimulus, significant surplus capacity remains across many economies and, along with low commodity prices, is suppressing global inflation. …
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RBNZ Rate Cut Ahead or Not?
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👤Nurudeen Amedu
🕔August 10, 2016
- This week holds a higher chance of a 25bp cut
As this week’s RBNZ Monetary Policy Statement draws closer. With the focus shifting to fiscal policy and global monetary policy having a long way to go, pressure will be mounted on some of the world’s major central banks to drive monetary policy further into the red.…
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👤Arthur Greene
🕔July 23, 2016
- The GBP has grown very sensitive to fundamental surprises
- Voting Member challenges rates cut
The GBP closed the week at almost the same value it started with against the USD amidst obvious disappointments in the UK economic data.…
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