WebFeb 23, 2024 · The RBNZ unanimously agreed to hike rates by 50bp to 4.75% at its February meeting, as was widely expected. The peak in its OCR forecasts was unchanged at 5.50%, implying another 75bp of tightening. The question is whether there will another 50bp increase at the April 5 meeting followed by 25bp in May or three 25bp moves at the next … WebApr 11, 2024 · “In the short term (2024-2024), equities are preferable to bonds due to rising long-term interest rates, which hurt bonds, and rising corporate profit margins, which favour equities.”
New Zealand’s central bank - Reserve Bank of New Zealand - Te …
WebRBNZ raised the OCR by 50bps to 5.25% (exp. 25bps hike), while it stated that the OCR needs to increase and the Committee agreed it must continue to raise the… Jacques … WebApr 14, 2024 · Historical Data. Data Source: from 11 Sep 2016 to 10 Apr 2024. The New Zealand 10 Years Government Bond reached a maximum yield of 4.85% (19 October … terrestrial primary succession begins with
Backfire! Bond traders are betting against the Reserve Bank
WebFeb 16, 2024 · Over three-quarters of respondents, 20 of 25, in a Feb. 13-16 Reuters poll said the RBNZ would go for a 50 basis point hike next week, taking the official cash rate to 4.75%, following a jumbo 75 ... WebApr 5, 2024 · Still, ASB today revised its projections and now sees a peak for the OCR in May of 5.5% rather than 5.25%. The New Zealand dollar jumped as much as 1.1% after the decision. It bought 63.52 cents ... WebApr 5, 2024 · 5.00%. Previous. 4.75%. The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers. Traders watch interest rate changes ... terrestrial power nuclear