New-Zealand RBNZ interest rate decision on 09.05.2018

  • Interest rate unchanged
  • RBNZ keeps outlook for the cash rate at 1.8% for June 2019 off from 1.9%
  • Sees inflation for June 2019 at 1.6% from 1.8% prior
  • Low food and imported inflation, low wage growth keeps inflation outlook subdued
  • To keep OCR at this expansionary level of 1.75% for a considerable period of time
  • The direction of our next move is equally balanced, up or down
  • Sees CPI reaching 2% in Q4 2020 from Q3 2020
  • Domestic growth is robust
  • Have seen unprecedented growth in employment

Kiwi loses 0.5% on subdued inflation and interest rate outlook for 2019


Here are the links to the Cash Rate Statement and the Monetary Policy Statement


Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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