BitcoinEthereumNews·
The post New Zealand Dollar: RBNZ hikes but warns of more – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu reports that the Reserve Bank of New Zealand (RBNZ) raised its Official Cash Rate (OCR) by 25bp to 2.50% to steer inflation back to 2%. The committee still sees further removal of stimulus as likely, though data will guide decisions. The partial reopening of the Strait of Hormuz has eased Oil-related inflation pressures, but the earlier shock hurt New Zealand’s Q2 growth, with recovery expected in Q3 as confidence improves. Policy tightening keeps inflation in focus “The RBNZ has hiked its OCR by 25bp to 2.50%, seeking to return inflation to the 2% target.” “The committee continues to expect that further removal of monetary stimulus may be required, although future policy decisions will be guided by incoming data, inflation dynamics and economic activity.” “It said the recent partial reopening of the Strait of Hormuz had lowered global oil and petrochemical prices, easing
Read full articleIran's strategic leverage over the Strait of Hormuz could trigger significant geopolitical shifts, impacting global oil markets and stability. The post Iran’s control of Strait of Hormuz likened to ‘new nuclear weapon’ by expert appeared first on Crypto Briefing.
The ongoing conflict over the Strait of Hormuz could lead to prolonged regional instability and disrupt global energy markets. The post Iran vows to maintain control of Strait of Hormuz amid US attacks appeared first on Crypto Briefing.
Iran's focus on the Strait of Hormuz heightens global economic risks and complicates geopolitical negotiations, impacting oil supply stability. The post Iran prioritizes Strait of Hormuz over nuclear program amid US conflict appeared first on Crypto Briefing.
Trump's indecision on Iran deal heightens geopolitical instability, risking prolonged disruption in global oil trade through the Strait. The post Trump unsure on Iran deal amid Strait of Hormuz tensions appeared first on Crypto Briefing.
Escalating tensions at the Strait of Hormuz could lead to sustained high oil prices, impacting global economies and energy markets significantly. The post Oil surges as Strait of Hormuz faces full conflict conditions appeared first on Crypto Briefing.
The post Bitcoin Battles Downside as Iran Ceasefire Failure Sends Oil Past $75 appeared on BitcoinEthereumNews.com. Bitcoin (BTC) stayed below $62,000 after Wednesday’s Wall Street open as US president Donald Trump closing a key world oil route. Key points: Bitcoin drops to $61,500 as Trump says that the ceasefire with Iran is “over.” Both sides reportedly threaten to close the Strait of Hormuz, sending oil prices soaring. Bitcoin traders anticipate new lows, but analysis sees Trump sweetening the mood later. Bitcoin gives back gains as Trump says Iran ceasefire “over” Data from TradingView showed daily BTC price downside circling 2.5% as markets reacted to the collapse of the US-Iran ceasefire. BTC/USD one-hour chart. Source: Cointelegraph/TradingView “To me, I think it’s over,” Trump said about the ceasefire during a press conference at the NATO summit in Ankara, Turkey. Additional reports claimed that both the US and Iran were considering reimposing a blockade of the Strait of Hormu
The post New Zealand Dollar: RBNZ hike underpins kiwi – ING appeared on BitcoinEthereumNews.com. ING’s Francesco Pesole reports that the Reserve Bank of New Zealand (RBNZ) raised rates to 2.50%, delivering a more hawkish message than expected and signalling further tightening is likely. He notes consensus within the Committee, sees another hike around September or October, but stresses dovish risks later in 2026 and maintains a 0.59 NZD/USD target by year-end. Further tightening signalled by rbnz “The Reserve Bank of New Zealand hiked rates by 25bp to 2.50% today, in line with our call. The accompanying message had a more hawkish tone overall than we had anticipated, though. The statement reads that further hikes “appear likely at upcoming meetings”, even if their timing is “highly uncertain”.” “There is still plenty of uncertainty around the inflation outlook, but the Bank stressed how non-tradable inflation had been persistent even before the war.” “We had suspected a close vote spli
Geopolitical tensions threaten global economic stability, driving oil prices up and stock markets down, highlighting market volatility. The post US-Iran tensions reignite oil price concerns amid Strait of Hormuz blockades appeared first on Crypto Briefing.
