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New Zealand Dollar rises broadly in Asian session following RBNZ's decision to keep interest rates steady. The central bank's "limited tolerance" for delaying the achievement of its inflation target conveyed a hawkish tone. Rate cuts are off the table until the central bank is confidence that inflation would sustainably return to the target band. This is clear indication of priority over inflation control, even amidst a slowing economy. However, strength of Kiwi remains measured, with traders likely awaiting next week's Q1 inflation data for a more decisive bet ....
SNB Vice Chairman Martin Schlegel defended the central bank's use of foreign exchange interventions, highlighting their effectiveness in maintaining price stability within Switzerland." Have foreign exchange interventions contributed to achieving price stability? Yes, they have," he said at an event in Geneva overnight. ....
Swiss National Bank: Interventions Necessary For Price Stability menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Swiss Inflation Hits Lowest Level in Two and Half Years usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.