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.The RBNZ lowered the possibility of further rate hikes, while leaving the OCR at 5.5%.
The Reserve also expects the OCR to peak at 5.6% in the June quarter, down from 5.7%. (See charts).
In its statement following the decision, the MPC noted the current level of the OCR is restricting demand. “However, a sustained decline in capacity pressures in the New Zealand economy is required to ensure that headline inflation returns to the 1 to 3 percent target.”
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.The Reserve also expects the OCR to peak at 5.6% in the June quarter, down from 5.7%. (See charts).
In its statement following the decision, the MPC noted the current level of the OCR is restricting demand. “However, a sustained decline in capacity pressures in the New Zealand economy is required to ensure that headline inflation returns to the 1 to 3 percent target.”