RBNZ's Silk: Remains confident inflation will converge with 2% target
Source Fxstreet
Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk noted early Wednesday that the RBNZ is increasingly confident it will achieve target inflation levels using its current monetary policy strategy, though maybe not as quickly as many would like.
Key highlights
Confident inflation will converge back to 2% target midpoint in medium term.
Assessing and managing inflation amidst economic risks.
Monetary policy supportive of inflation objectives.
RBNZ Committee is gaining confidence in monetary policy effectiveness.
Bank funding spreads have risen year on year.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The 365-day MVRV ratio suggests that this crash may be just the beginning. If the ETF is rejected before the second quarter of 2024, it could trigger a sharp correction.
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
A known market analyst sees the $6 per coin prediction for XRP crypto being claimed by some experts as too conservative.
XRP price started a fresh increase above the $2.50 zone. The price is now consolidating gains and might soon aim for a move above the $2.62 resistance. XRP price started a fresh increase above the
When it came to artificial intelligence (AI) infrastructure in 2024, Nvidia (NASDAQ: NVDA) reigned supreme.
Related Instrument
