Forex Magnum



News


(RBNZ) OCR unchanged at 2.5 percent

Autore: Written by ActionForex.com




The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent.

Reserve Bank Governor Alan Bollard said: “The New Zealand economy is recovering broadly as expected and growth is predicted to pick-up further through 2010.

“Trading partner activity has recovered a little faster than expected. Currently, growth is strongest in China, Australia, and emerging Asia, but is much more muted in other trading partners. At the same time, risks around the global outlook have increased, although not to the extreme levels seen at the height of the crisis.

“We estimate the New Zealand economy grew at a stronger pace in the December and March quarters than in the prior two quarters. Looking forward, while growth is expected to increase to about 4 percent next year, this is subdued relative to previous recoveries.

“Policy stimulus and improved consumer confidence have seen a pick-up in household spending. That said, households are still cautious with house sales and credit growth remaining subdued. Business spending is weak despite much improved confidence.

“Annual CPI inflation is currently at 2 percent, and is expected to track within the target range over the medium term. In the short term, implementation of the amended Emissions Trading Scheme and increases in ACC charges will push CPI inflation toward the top of the target range.

“Higher bank funding costs have reduced the level of stimulus that would normally be associated with any given level of the OCR. We expect these costs to persist over the projection reducing the extent of future increases in the OCR. Fiscal consolidation would also help reduce the work that monetary policy might otherwise need to do.

“We continue to expect to begin removing policy stimulus around the middle of 2010.”


Analisti

Sei un Analista Tecnico Indipendente Professionista del mercato FOREX? Registrati anche tu nella comunità ed elabora insieme a noi strategie automatiche di successo! Dettagli


Programmatori

Sai programmare in MQL o usare il MetaTrading? Registrati e contribuisci alla programmazione di trading system, script e indicatori per MetaTrader. Dettagli


Traders

Ti piace il Trading? Vieni in Trading Room a Cosenza, guarda le analisi tecniche real time dei nostri indicatori e decidi quando entrare nel mercato. Corsi base ed avanzati. Dettagli








Non esistono ancora Commenti per questa news.

Archivio News

Pagina:

1 2 3 4 5 > >>

(RBNZ) OCR Unchanged at 2.5 Percent, 29 April 2010


(FED) FOMC Statement April 28, 2010


(BOC) Bank of Canada Maintains Overnight Rate Target at 1/4 per cent; Removes Conditional Commitment


(FED) The Beige Book, April 14, 2010


(FED) Ben S. Bernanke - Economic Outlook, April 14, 2010


(ECB) Press Conference Introductory Statement, 8 April 2010


(FED) Minutes of the Federal Open Market Committee, March 16, 2010


(FED) Ben S. Bernanke - Federal Reserve's exit strategy


(BOJ) Statement on Monetary Policy, March 17, 2010


(FED) FOMC Statement March 16, 2010


(SNB) Monetary Policy Assessment of 11 March 2010


(RBNZ) OCR unchanged at 2.5 percent


(ECB) Press Conference Introductory Statement, 4 March 2010


(FED) The Beige Book, March 3, 2010


(BOC) Bank of Canada Maintains Overnight Rate Target at 1/4 Per cent


(RBA) Monetary Policy Statement by Glenn Stevens, Governor - 2 March, 2010


(FED) Ben S. Bernanke - Semiannual Monetary Policy Report to the Congress


(FED) Minutes of the Federal Open Market Committee, January 26-27, 2010


(BOE) Minutes of Monetary Policy Committee Meeting on 4 and 5 February 2010


(FED) Ben S. Bernanke - Federal Reserve's Exit Strategy


(ECB) Press Conference Introductory Statement, 4 February 2010


(BOE) Bank of England Maintains Bank Rate at 0.5%


(RBA) Monetary Policy Statement by Glenn Stevens, Governor - 2 February, 2010


(RBNZ) OCR Unchanged at 2.5 Percent


(FED) FOMC Statement January 27, 2010

Pagina:

1 2 3 4 5 > >>