RBNZ's Conway: The late-October rate decision is ‘completely open’
Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said on Thursday that “the late-October rate decision is ‘completely open’.”
Key quotes via Bloomberg
The bank wants optionality between holding and a 25bp hike.
The RBNZ still sees the OCR as most likely to rise, but has not decided on timing.
Recent moves in oil and the NZD have added short-term upward pressure on inflation.
The bank remains confident inflation will slow to its 1% to 3% target band next year.
Market reaction
At the press time, the NZD/USD pair is adding 0.53% on the day to trade at 0.5630.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Iberdrola Subsidiary ScottishPower Installs Subsea Cable Ducts at East Anglia TWO Wind Farm
Etoiles Capital Shareholders Elect Four Directors to Three-Year Terms
BTC breaks through $81,000
