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New Zealand Hikes Rate Aggressively To Combat Persistently High Inflation

New Zealand Hikes Rate Aggressively To Combat Persistently High Inflation

Despite the weak economic activity, New Zealand's central bank lifted its benchmark rate more aggressively than expected on Wednesday, as inflation remains too high and persistent. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to raise the Official Cash Rate by 50 basis points to 5.25 percent. Markets had expected a quarter point hike.
RTTNews | 854 일 전
NZ Dollar Rises On RBNZ Surprise Rate Hike

NZ Dollar Rises On RBNZ Surprise Rate Hike

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand raised their cash rate target by 50 basis points, more than the consensus expected.
RTTNews | 854 일 전
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Final composite Purchasing Managers' survey results from the euro area and the UK and factory orders from Germany are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for February. Orders are forecast to grow 0.3 percent on a monthly basis, but slower than the 1.0 percent gain in January.
RTTNews | 854 일 전
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NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
RTTNews | 854 일 전
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the broadly negative cues from Wall Street overnight, as traders cashed in on recent strength in the markets amid lingering concerns about the global economic outlook. Worries about any aggressive tightening by the US Fed faded after data showed a drop in U.S. job openings, and a slump in U.S. manufacturing activity.
RTTNews | 854 일 전
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is significantly lower on Wednesday, giving up some of the gains in the previous three sessions, with the Nikkei 225 falling to remain a tad above the 28,000 mark, following the broadly negative cues from Wall Street overnight, with losses across most sectors, led by commodity-linked stocks.
RTTNews | 854 일 전

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