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Top related persons:
Jarrod Kerr - 2 pollled - 2 Nick Tuffley - 2 Devayani Sathyan - 2 Susobhan Sarkar - 2 Hari Kishan - 2 Ross Finley - 2 Kim Coghill - 2
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BENGALURU Bank of New Zealand
Top related orgs:
Reserve Bank of New Zealand - 2 ANZ - 2 ASB - 2 Bank of New - 2 Kiwibank - 2 Westpac - 2 Thomson - 2

Search resuls for: "Nick Tuffley"


5 mentions found


☆ New Zealand central bank to hold rates in July and for rest of 2023: Reuters poll
  + stars: | 2023-07-07 | by ( Devayani Sathyan | ) www.reuters.com   time to read: +3 min
The economy is forecast to weaken further as the impact of 525 basis points of RBNZ rate rises becomes more visible. All 25 economists polled by Reuters July 3-6 expected the RBNZ to hold the official cash rate (OCR) (NZINTR=ECI) at 5.50% on July 12. It would be the first time the RBNZ has not raised rates at a policy meeting in nearly two years. The central bank raised rates in May but signalled it was done tightening. Over 90% of economists pollled, 23 of 24, did not predict any changes to rates this quarter.
Persons: Jarrod Kerr, pollled, Nick Tuffley, Devayani Sathyan, Susobhan Sarkar, Hari Kishan, Ross Finley, Kim Coghill Organizations: Reserve Bank of New Zealand, Reuters, ANZ, ASB, Bank of New, Kiwibank, Westpac, Thomson Locations: BENGALURU, Bank of New Zealand
☆ New Zealand central bank to hold rates in July and for rest of 2023, Reuters poll shows
  + stars: | 2023-07-06 | by ( Devayani Sathyan | ) www.reuters.com   time to read: +3 min
The economy is forecast to weaken further as the impact of 525 basis points of RBNZ rate rises becomes more visible. All 25 economists polled by Reuters July 3-6 expected the RBNZ to hold the official cash rate (OCR) (NZINTR=ECI) at 5.50% on July 12. It would be the first time the RBNZ has not raised rates at a policy meeting in nearly two years. The central bank raised rates last month but signalled it was done tightening. Over 90% of economists pollled, 23 of 24, did not predict any changes to rates this quarter.
Persons: Jarrod Kerr, pollled, Nick Tuffley, Devayani Sathyan, Susobhan Sarkar, Hari Kishan, Ross Finley, Kim Coghill Organizations: Reserve Bank of New Zealand, Reuters, ANZ, ASB, Bank of New, Kiwibank, Westpac, Thomson Locations: BENGALURU, Bank of New Zealand
☆ Inflation in New Zealand unlikely to fall below 3% till 2024, economist says
  + stars: | 2023-04-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation in New Zealand unlikely to fall below 3% till 2024, economist saysNick Tuffley of Nick Tuffley ASB Bank says inflation in the country has been "surprisingly sticky."
☆ NZ cenbank hikes 50bps, flags more to come as inflation 'too high'; kiwi gains
  + stars: | 2023-02-22 | by ( Lucy Craymer | ) www.reuters.com   time to read: +3 min
The RBNZ continues to expect the cash rate to peak at 5.5% in 2023, according to the monetary policy statement (MPS) accompanying the rate decision. That would mark the most aggressive policy tightening streak since the official cash rate was introduced in 1999. "While there are early signs of price pressure easing, core consumer price inflation remains too high, employment is still beyond its maximum sustainable level, and near-term inflation expectations remain elevated," the central bank said in a statement. The New Zealand dollar rose as high as $0.6246 after the decision, reflecting the hawkish tone of the statement, having traded as low as $0.6206 earlier. New Zealand's annual inflation is currently running near three-decade highs of 7.2%, well above the central bank's medium term target of 1%-3%.
☆ New Zealand's RBNZ seen raising rates by historic 75 bps
  + stars: | 2022-11-17 | by ( Devayani Sathyan | ) www.reuters.com   time to read: +3 min
Reuters Poll: RBNZ monetary policy outlookThe largest banks in the country - ANZ, ASB, Kiwi Bank, Bank of New Zealand and Westpac - expect a 75 bp hike on Wednesday, matching the recent pace of the U.S. Federal Reserve. "We are forecasting the OCR to peak at 5.0%, via another 75 bp hike in February on a 'let's just get it done' basis. If data cools more rapidly than expected the RBNZ could well slow the pace at that point." Rates were expected to peak at 4.75% and remain unchanged until the end of next year, according to the median view in the poll. According to the latest RBNZ survey, inflation is expected to ease only modestly over the coming year and will be higher than previously predicted.
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