Reserve Bank of New Zealand raises key interest rate for first time in three years

The post New Zealand Dollar advances as RBNZ hike weighs on AUD/NZD appeared on BitcoinEthereumNews.com. AUD/NZD declines after three days of gains, trading around 1.2170 during the Asian hours on Wednesday. The currency cross falls nearly 0.25% as the New Zealand Dollar (NZD) gains ground following the release of the interest rate decision by the Reserve Bank of New Zealand (RBNZ). The RBNZ raised its Official Cash Rate (OCR) by 25 basis points to 2.50% at its June policy meeting, matching widespread market expectations. According to the central bank’s Monetary Policy Review, further reductions in monetary stimulus will likely be necessary to steer inflation back to its 2% target midpoint as economic activity strengthens. The RBNZ noted that future OCR adjustments will remain strictly data-dependent, guided by incoming economic indicators, price-setting behavior, and medium-term inflationary pressures. Meanwhile, Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter highligh

The post New Zealand Dollar retakes 0.5700 vs USD after RBNZ rate hike appeared on BitcoinEthereumNews.com. The NZD/USD pair attracts some buyers in reaction to the Reserve Bank of New Zealand’s (RBNZ) anticipated interest rate hike and reclaims the 0.5700 mark during the Asian session on Wednesday. Spot prices, for now, seem to have snapped a two-day losing streak, though the upside potential seems limited amid geopolitical uncertainties. As was widely expected, the RBNZ decided to raise the Official Cash Rate (OCR) by 25 basis points (bps) to 2.50% following the conclusion of the June monetary policy meeting. The New Zealand Dollar (NZD) bulls, however, seem hesitant and opt to wait for further insight if this is a one-off move rather than the start of further tightening. Hence, the focus will be on the post-meeting press conference, where comments from RBNZ Governor Dr. Anna Breman will influence the NZD and provide a fresh impetus to the NZD/USD pair. In the meantime, renewed US-Ir

The post RBA’s Hunter: Board will intervene as necessary to bring inflation back to target appeared on BitcoinEthereumNews.com. Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said on Wednesday that the central bank will act as needed to bring inflation back to target, even as the recent oil shock has yet to produce a marked slowdown in economic activity. Key quotes The recent oil shock has led to falls in consumer and business confidence but there are so far few signs of a marked slowdown in activity. It is not always correct to look through supply shocks and that a period of low inflation and higher unemployment might be needed if inflation expectations start to drift up. Supply shocks create difficult trade-offs but do not lessen the importance of maintaining low and stable inflation. The board will continue to act as needed to ensure inflation returns to target and the labour market to sustainable full employment. Market reaction At press time, the AUD/USD pair trad

Weaker demand, especially from China, may ease energy-related inflation, impacting global economic activity and market confidence. The post Oil prices fall despite tight supply as China’s demand weakens appeared first on Crypto Briefing.

The geopolitical tensions and inflation fears highlight vulnerabilities in energy markets and challenge traditional safe-haven asset strategies. The post Gold declines as US airstrikes on Iran raise inflation fears appeared first on Crypto Briefing.

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The post New Zealand Dollar slips ahead of RBNZ rate decision appeared on BitcoinEthereumNews.com. NZD/USD loses ground near the 0.5680 level as investors look ahead to Wednesday’s Reserve Bank of New Zealand (RBNZ) policy decision, while the US Dollar (USD) remains supported by cautious remarks from the Federal Reserve (Fed). The latest US labor data showed the ADP Employment Change 4-week average eased to 21K from 24.25K, pointing to softer private hiring. However, the Greenback held firm after New York Fed President John Williams said the US economy is growing at a steady pace, the labor market remains stable, and inflation is still elevated. In New Zealand, the RBNZ is widely expected to raise the Official Cash Rate (OCR) by 25 basis points, from 2.25% to 2.50%, ending a three-meeting pause. The decision could bring volatility, as economists remain divided after May’s close 3-3 split, when Governor Breman cast the deciding vote to hold rates steady. Short-term technical analysis: O

The post New Zealand’s RBNZ expected to hike rates in another uncertain, close-call vote appeared on BitcoinEthereumNews.com. The Reserve Bank of New Zealand (RBNZ) is widely expected to raise the Official Cash Rate (OCR) by 25 basis points (bps) from 2.25% to 2.50% on Wednesday, snapping a three-consecutive-meeting pause.  Economists are deeply divided about how the Kiwi central bank will proceed this time after the last decision to hold the cash rate steady was a very close call, increasing the chances of higher volatility around the decision.    The RBNZ interest rate announcement is due at 02:00 GMT, accompanied by the Monetary Policy Review (MPR) and the Minutes of the meeting, followed by Governor Dr. Anna Breman’s press conference at 03:00 GMT. The New Zealand Dollar (NZD) faces a key test this week as the RBNZ looks to hike the OCR against a backdrop of still-elevated inflation concerns, soft domestic economic activity, and sharply lower global Oil prices. What to expect from t