EconomyTop News

RBNZ reaffirms guidance rates to stay on hold until next year

1 Mins read
imageEconomy20 hours ago (Jun 29, 2020 06:35PM ET)

(C) Reuters. FILE PHOTO: Pedestrians walk near the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand

WELLINGTON (Reuters) – The Reserve Bank of New Zealand (RBNZ) has reaffirmed its guidance on keeping interest rates unchanged until March next year and is not expected to review this guidance, the bank’s chief economist said on Tuesday.

“We basically reaffirmed the guidance that we set in March, so the expectation will be that we won’t be reviewing that before March next year,” Yuong Ha said a virtual webinar series hosted by Bloomberg.

RBNZ left rates unchanged last week and said rates would remain unchanged until March next year.

Ha said downside risks remain to inflation and employment, and said the bank was keeping all options open and would do what was needed to support the economy.

RBNZ reaffirms guidance rates to stay on hold until next year

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related posts
Market OverviewTop News

Education Secretary wants U.S. schools open, offers no safety plan

2 Mins read
World18 minutes ago (Jul 12, 2020 10:40AM ET) (C) Reuters. FILE PHOTO: Education Secretary Devos attends signing ceremony at the White House…
Market OverviewTop News

Foreign doctors' hopes for fast-track pandemic licenses in Canada fading

2 Mins read
World3 minutes ago (Jul 12, 2020 10:55AM ET) (C) Reuters. Medical staff assess for COVID-19 at public Victoria Health Unit, BC By…
Market OverviewTop News

Canada's cautious school reopening plans leave moms in the lurch

3 Mins read
World43 minutes ago (Jul 12, 2020 10:15AM ET) 2/2 (C) Reuters. FILE PHOTO: A school bus arrives carrying one student as schools…
Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Leave a Reply

Your email address will not be published. Required fields are marked *