RBNZ cash rate left unchanged at 5.5% ...Middle East

This Reserve Bank of New Zealand meeting was 'live', with more than one bank expecting a rate hike. Not to be though.Cash rate left at 5.5%RBNZ forecasts: Sees official cash rate at 5.59% in June 2024 (prior 5.67%)Sees official cash rate at 5.47% in March 2025 ( prior 5.56%)Sees twi nzd at around 71.5% in March 2025 ( prior 70.7%)Sees annual CPI 2.6% by march 2025 ( prior 2.4%)Sees official cash rate at 5.33% in June 2025 ( prior 5.42%)Sees official cash rate at 3.16% in March 2027Headlines via Reuters from the statement:The OCR needs to remain at a restrictive level for a sustained period The New Zealand economy has evolved broadly as anticipated by the committee. The committee remains conf

Hence then, the article about rbnz cash rate left unchanged at 5 5 was published today ( Wednesday 28/02/2024 - 04:12 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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