New Zealand's central bank is all but certain to hold rates at record lows ...
WELLINGTON - New Zealand’s central bank is all but certain to hold rates at record lows of 1.0% at its policy review next week as domestic risks dissipate, but an easing could come soon, not least because a virus epidemic in China has raised growth risks.
The rate cuts helped lift inflation in the previous quarter closer to the 2% midpoint of RBNZ’s 1-3% target range, while the unemployment rate dropped. “They will acknowledge the human impact of the tragic new coronavirus, with cautious language about possible risks to the economic outlook,” she said.
New Zealand’s exports of goods and services to China were worth NZ$16.6 billion for the year ended September 2018, higher than to Australia and almost double the sales to the United States, according to Statistics New Zealand.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Philippine central bank cuts policy rate on virus risk, more easing seenThe Philippine central bank cut its key interest rate on Thursday to shield the ...
Les mer »
Emerging market FX set for more pain if coronavirus worsens: Reuters pollEmerging market currencies are at significant risk of weakening this month as th...
Les mer »
Dow futures surge on reports about coronavirus treatmentU.S. stock futures rose sharply and oil prices also saw strong gains early Wednesday on reports about scientific progress toward a coronavirus cure. Dow...
Les mer »
China January exports, imports seen falling, virus risks global trade disruptions: Reuters pollChina's exports and imports likely fell in January after a brief rebound at...
Les mer »
India central bank holds steady, seeks to balance growth and inflation risksThe Reserve Bank of India (RBI) held rates steady on Thursday and retained an ac...
Les mer »
US futures point to 4th straight day of gains on Wall StreetU.S. stock index futures rose on Thursday morning with economic data and corporate earnings taking the reins as fears over the coronavirus outbreak eased slightly.
Les mer »