new zealand central bank keeps interest rate at 2
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

New Zealand Central Bank Keeps Interest Rate at 2%

Arab Today, arab today

Arab Today, arab today New Zealand Central Bank Keeps Interest Rate at 2%

New Zealand Bank.
Wellington - QNA

The New Zealand Reserve Bank said Thursday it would keep the official interest rate at 2%, but signaled that a cut was likely later in the year. "Our current projections and assumptions indicate that further policy easing will be required to ensure that future inflation settles near the middle of the target range (of close to 2%)," Governor Graeme Wheeler said. 

The bank cut the official interest rate to 2% in August, in an unsuccessful bid to weaken the New Zealand dollar. Wheeler said weak global conditions and low interest rates relative to New Zealand continued to place upward pressure on the New Zealand dollar exchange rate, impacting the export sector.  "A decline in the exchange rate is needed," he said. 

Wheeler said domestic growth continued to be supported by strong net immigration, construction activity, tourism and an accommodative monetary policy but warned excessive house price inflation was posing concern for financial stability.

Source : QNA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new zealand central bank keeps interest rate at 2 new zealand central bank keeps interest rate at 2

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new zealand central bank keeps interest rate at 2 new zealand central bank keeps interest rate at 2

 



GMT 18:52 2016 Monday ,24 October

UN: more than 4000 have fled Iraq’s Mosul

GMT 12:22 2017 Saturday ,11 February

Money worth 3.19 mln USD heisted near Albanian airport

GMT 18:27 2017 Sunday ,24 September

Tens of thousands flee rumbling Bali volcano

GMT 01:07 2017 Wednesday ,06 December

Developing Lake Toba as halal tourism destination

GMT 04:16 2017 Tuesday ,08 August

UN Secretary-General Arrives in Pakistan

GMT 09:53 2016 Thursday ,29 December

Thick fog disrupts flights, cause traffic accidents

GMT 09:46 2017 Tuesday ,11 July

Najla denies difference between Ruby& director

GMT 18:01 2017 Thursday ,05 October

Nigeria on the brink of World Cup
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday