Friday, October 22, 2021
23.2 C
Abuja
Friday, October 22, 2021

Reserve Bank of New Zealand monetary policy decision due today

Must read

Africa receives $23bn SDRs IMF DMD

By Emma Ujah, Abuja Bureau ChiefThe International Monetary Fund (IMF) allocated the sum of $23 in Special Drawing Right (SDRs) to Sub-Saharan African countries,...

Africa: Can Africa Exploit its Energy Reserves and Be Part of the Solution to Climate Crisis?

New York — In the lead-up to the 26th global conference on climate next week in Glasgow, Scotland, nations, scientists and climate activists have...

EXCLUSIVE: Nigeria accounts for 58% of total PE funding allocated to West Africa in last 5 years – AVCA boss

Nigeria, Africa’s most populous nation with over 200 million people has in the past five years, attracted more than half of the Private Equity...

Africa’s latest Fifa World Rankings: South Korea overtake Nigeria, while South Africa are among the bigges…

The African nations experienced contrasting movements in the latest rankings released by the world football body All the playing nations have learned...

0200 GMT RBNZ announcement and Monetary Policy Statement

0300GMT brings Governor Orr’s press conference

Consensus expectation is for the Bank to leave the cash rate (OCR) at 0.25%. At its March meeting the Bank said:

  • the OCR “will remain at this level for at least the next 12 months”

There will be a focus on whether the RBNZ has changed this view. The Bank may hint rate cuts are still on the agenda ahead. 

On QE, there are expectations the prgramme size will be increased, from current 33bn NZD to around 60bn. 

RBNZ Monetary Policy Statement

See here for global coronavirus case data

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Africa receives $23bn SDRs IMF DMD

By Emma Ujah, Abuja Bureau ChiefThe International Monetary Fund (IMF) allocated the sum of $23 in Special Drawing Right (SDRs) to Sub-Saharan African countries,...

Africa: Can Africa Exploit its Energy Reserves and Be Part of the Solution to Climate Crisis?

New York — In the lead-up to the 26th global conference on climate next week in Glasgow, Scotland, nations, scientists and climate activists have...

EXCLUSIVE: Nigeria accounts for 58% of total PE funding allocated to West Africa in last 5 years – AVCA boss

Nigeria, Africa’s most populous nation with over 200 million people has in the past five years, attracted more than half of the Private Equity...

Africa’s latest Fifa World Rankings: South Korea overtake Nigeria, while South Africa are among the bigges…

The African nations experienced contrasting movements in the latest rankings released by the world football body All the playing nations have learned...

DEAL: MFS Africa acquires Nigerian fintech startup, Baxi

MFS Africa has signed an agreement to acquire Capricorn Digital, Baxi’s parent business, for an undisclosed sum. Capricorn runs a digital payment network under the...