by Warren Head | May 26, 2022 | Currency, Economy, Money Market
The RBNZ sprung a hawkish surprise at the MPS yesterday, significantly revising up its forecast OCR track to show a peak of just under 4%, notes BNZ Markets. NZ rates moved sharply higher as a result, with the market moving to broadly align itself with the RBNZ’s new...
by Warren Head | May 25, 2022 | Economy, Latest News, Money Market
The Monetary Policy Committee today did exactly what the market had expected and increased the Official Cash Rate (OCR) to 2.0%. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support...
by Warren Head | May 24, 2022 | Currency, Economy, Money Market
The new week has kicked off with a lift in risk appetite, with global equities markets showing some decent gains, higher global rates and weaker safe-haven currencies like JPY and the USD. The NZ dollar has been a beneficiary of the change in sentiment, gaining 1% to...
by Warren Head | May 23, 2022 | Currency, Economy, Global Share Markets, Money Market
23.5.22 Markets remain dominated by stagflation concerns at present, with inflation at multi-decade highs in most countries, central banks set on rapidly tightening monetary policy, and recession fears mounting, notes BNZ Markets. The S&P500 briefly crossed over...
by Warren Head | May 20, 2022 | Currency, Economy, Money Market
20.5.22 Growth fears for the US economy have resulted in notable weakness in the US dollar, comments BNZ Markets. US rates have pushed lower, led by the short-end of the curve, as traders pare bare monetary policy tightening expectations a little, notes Jason Wong,...
by Warren Head | May 19, 2022 | Money Market
19.5.22 Infratil Ltd is considering making an offer of 8 year unsecured, unsubordinated, resettable fixed rate infrastructure bonds (2030 Bonds) to New Zealand institutional and retail investors. It is expected that the interest rate on the 2030 Bonds will be fixed...
