DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Lucy Craymer - 1 ” - 1 Kelly Eckhold - 1 “ - 1
Top related locs:
Reserve Bank of New Zealand Wellington , New Zealand Global New Zealand
Top related orgs:
WELLINGTON - 1 Reserve Bank of New - 1 REUTERS - 1 Bank of New Zealand - 1 New Zealand - 1 Westpac NZ - 1 U.S . Federal Reserve - 1 Capital Economics - 1

Search resuls for: "Westpac NZ"


2 mentions found


☆ NZ central bank holds rates, signals higher hurdle to further hikes; kiwi tumbles
  + stars: | 2023-10-04 | by ( Lucy Craymer | ) www.reuters.com   time to read: +3 min
View of an entrance to the Reserve Bank of New Zealand in Wellington, New Zealand November 10, 2022. “Interest rates are constraining economic activity and reducing inflationary pressure as required,” the central bank said in a statement. The past RBNZ rate hikes have sharply slowed New Zealand’s economy but recent data showed it was tracking above central bank expectations at 0.9% quarterly growth. The central bank releases a comprehensive update of economic indicators and the forecast official cash rate track when it publishes its quarterly Monetary Policy Statement (MPS), which is due on Nov. 29. “The Bank appears content to wait for restrictive policy settings to fully feed through to the real economy,” analysts at Capital Economics in a note.
Persons: Lucy Craymer, ”, Kelly Eckhold, “ Organizations: WELLINGTON, Reuters, Reserve Bank of New, REUTERS, Bank of New Zealand, New Zealand, Westpac NZ, U.S . Federal Reserve, Capital Economics Locations: Reserve Bank of New Zealand, Wellington , New Zealand, Global, New Zealand
☆ RBNZ set to deliver biggest rate hike ever as it eyes three month break
  + stars: | 2022-11-22 | by ( Lucy Craymer | Devayani Sathyan | Anant Chandak | ) www.reuters.com   time to read: +2 min
WELLINGTON, Nov 22 (Reuters) - New Zealand's central bank is expected to deliver its biggest ever rate point hike this week as it continues efforts to temper inflation ahead of a three-month break. A Reuters poll found 15 of 23 economists expect the central bank to lift the cash rate by a record 75 basis points. HOME AND AWAYNew Zealand-based economists are more hawkish than their international counterparts, unanimously expecting the central bank to hike by 75 basis points. The central bank will also release new economic forecasts and potentially an updated cash rate track. "It all comes down to the language around the OCR (official cash rate) track and its shape," said Kiwibank in a note.
0 next >>
Total: 2