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(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 outlook for the New Zealand economy remains consistent with the projections underlying the December Monetary Policy Statement.

“Global activity continues to recover, helping push New Zealand’s export commodity prices higher. Economic growth is most apparent in China, Australia, and emerging Asia. However, sustained growth throughout our trading partners is not assured, with many still facing impaired financial sectors and overall activity still reliant on policy support.

“Similarly, the New Zealand economy continues to recover. Policy stimulus and improving export earnings have seen a pickup in household spending. That said, households remain cautious, with credit growth subdued. Business spending remains weak.

“Annual CPI inflation is currently at the centre of the target band, and is expected to track comfortably within the band over the medium term.

“The economy is being assisted by both monetary and fiscal policy support. As growth becomes self sustaining, fiscal consolidation would help reduce the work that monetary policy might otherwise need to do.

“If the economy continues to recover in line with our December projections, we would expect to begin removing policy stimulus around the middle of 2010.”


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


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(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


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(ECB) Press Conference Introductory Statement, 4 February 2010


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(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:

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