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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
MNI BRIEF: RBNZ Cites Likely 7% Inflation In 50bps Rate Rise
New Zealand’s central bank has cited the risks from persistently high inflation in its decision on Wednesday to increase interest rates by 50bps to 1.50%.
The RBNZ said the move in the Official Cash Rate was needed to reduce inflation expectations, and that a “stitch in time” approach to monetary policy was consistent with that aim. The RBNZ said it expected inflation to peak at around 7% in the first half of 2022, from 5.9% at the end of the fourth quarter. The bank has a target range for inflation of between 1% and 3%, see: MNI STATE OF PLAY: RBNZ Seen Aiming Hikes For A Softer Landing.
The 50bps rise came after three consecutive increases of 25 basis points at every meeting since October, when the OCR was at a record low of 0.25%.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.