MNI BRIEF: BOI Sees "Modest" Q2 EZ Growth Driven By Services

MNI China Daily Summary: Friday, July 12

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MNI BRIEF: China Steel Export Growth Slows In June

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 584; OIL RIGS 478; GAS RIGS 100

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.10B BSL

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Statement Of Intent 1 July 2021 - 30 June 2024

RBNZ
  • At Te Pūtea Matua, the Reserve Bank of New Zealand, we are kaitiaki (guardians) of New Zealand's financial ecosystem, working to enable stability, economic wellbeing and prosperity for all New Zealanders.
  • We are pleased to see economic activity in New Zealand returning to its pre-COVID-19 levels, supported by ongoing favourable domestic health outcomes, and improving global demand and higher prices for New Zealand's goods and exports. A catch-up in consumer spending and construction activity, supported by substantial monetary and fiscal stimulus is underpinning employment growth.
  • However, vulnerabilities still remain and the recovery needs continued monetary and fiscal support. We are mindful of our mandate, including maintaining low and stable consumer price inflation while contributing to maximum sustainable employment, and our role promoting and maintaining a sound and efficient financial system. We are working closely with the Government, the Treasury and other partners, including the Council of Financial Regulators, to ensure that our actions are coordinated where it is beneficial to do so. As long as COVID-19 is contained and the global and economic recovery is sustained, eventually economic policy settings can be expected to normalise over the medium term.
  • Click to read full document.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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