Reserve Bank tops up cash rate

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...

Sentiment shift supports NZ dollar

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...

Weakness in US dollar

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,...

Bond offer upcoming

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...