Reserve Bank of New Zealand Expected to Hold Official Cash Rate at 2.25% on Wednesday

According to Westpac, the Reserve Bank of New Zealand is expected to hold the Official Cash Rate unchanged at 2.25% at its policy meeting on Wednesday (July 8). Westpac noted that oil prices have fallen faster than anticipated over the past six weeks, easing inflation pressures and giving the central bank more time to observe economic conditions ahead of additional important data releases.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments