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Rates on hold at one quarter of 1 . The rbnz saying they are going to be they are committed to reviewing their quantitative easing program. The policy committee reached consensus on this decision. They are saying they are prepared to provide additional stimulus as is necessary. All the economists we talked to the benchmark Interest Rate in new zealand staying on one quarter of 1 . Little to no reaction on the new zealand daughter new Zealand Dollar. 64 u. S. Cents. Tom lets get some of the views from our guests at the bloomberg summit. Sharing their views on the prospects of a recovery from the pandemic. I do not think anybody can be confident with the kind of uncertainties that prevail. I would put say is my odds on a v shaped recovery. How we are going to share the burden in a credible way. It is not just financial and fiscal support. It is also regulatory charges we have un ....
Several areas we consider planes to reopen. Optimistic. Emains treasury secretary Steven Mnuchin says he expects the session to end this year with another Stimulus Program in the pipeline. Paul we are about an hour away from the open here in australia and tokyo. Lets get a check on what we can expect for the new trading day with sophie in hong kong. Sophie asian stocks looking at a muted start this wednesday. This after we sell stock gains fade into the close. Check out what is going on with qe markets. The qe dollar is trading ahead of the rbnz decision. In the bond space, we are seeing five basis points this morning. The central bank of new zealand seen holding pat. That is one of the items on the agenda we are watching with market very much in wait and see mode. Plenty of firepower being amassed in deal space the latest news of kp are having pulled together 10 million. L ....
Says his forces will stop fighting during the holy month of ramadan. Brazils Supreme Court blocks president also as choice of a family friend for the new police chief. Welcome to the program the u. S. Economy is falling deep into one of its most severe recessions in recent times its seen a decade of growth wiped out in just 3 months shrinking by almost 5 percent and theres concerns a crisis caused by the coronavirus pandemic is only going to worsen she have returns he reports. The 4. 8 percent decline for g. D. P. Between january and march represents the largest decline since the 2008 recession Consumer Spending which accounts for 70 percent of g. D. P. Dropped by an idealized rate of 7. 6 percent the. Largest drop since 980. 00 moreover this is just a preliminary estimate Analysts Expect the eventual number to be far ....
Lift its lockdown restrictions despite the high number of cases there. So there are some worrying signs coming out of europe where the economy has suffered its biggest quarterly hit on record it shrunk by 3. 8 percent so far this year the euro zones sharpest drop since records began in 1905 yet another indicator of the widespread economic devastation caused by the coronavirus lockdowns around the world i was off to germany of course europes strongest economy announced its g. D. P. Is likely to shrink by more than 6 percent this year dominic kane in berlin looking at this one. Looking for some for some good news or maybe a bit of a turn around but this is going to be in a bad way for a while. Yes used the audio problem slightly coming to my end kemal but yes a tale of economic woe is unfolding at a european level but also at the german level says you were saying that the German Economy is definitely going to shrink by perhaps more ....