South Canterbury Stroke Club members remember their favourite songs stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
9 hours ago
Related video: Reserve Bank won t hike interest rates massively as it d make housing market fall over - expert. Credits: Video - The AM Show; Image - Getty Images
The official cash rate - at a record low since the pandemic hit - will likely start rising again before the end of the year, a major bank is predicting.
When labour is scarce wages go up, driving inflation (as measured in the consumer price index, or CPI). Inflation is also being pushed upwards by supply chain disruptions thanks to COVID-19, and high demand in the construction sector, with consents at an all-time high.
Tiwai at 50 - a transformative presence, but could such an enterprise happen again? stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
5/25/2021 7:16:21 AM GMT | By FXStreet Insights Team
The Reserve Bank of New Zealand (RBNZ) is on the market’s radar with another policy meeting coming up on Wednesday, May 26. There is a strong likelihood that macro forecasts would be getting favourable updates. Taper talk is watched given the RBNZ has been slowing down on its LSAP bond purchases of late, but it could well be a supply adjustment. Technically, NZD remains in consolidation with momentum gauges staying muted. This keeps an inverse-head-and-shoulders pattern still in play, where declines would find support unless the 200-DMA at 0.6993 and the prior 0.6946 craters, Benjamin Wong, Strategist at DBS Bank, briefs.