NZ central bank raises rates
canada goose factory sale WELLINGTON, June 12 (Reuters) New Zealand central bank raised interest rates on Thursday and said the strength of the currency and data would dictate the pace of future rises as it pointed to a steady but canada goose outlet houston moderate tightening of policy. canada goose factory sale
Canada Goose sale The Reserve Bank of New Zealand lifted its official rate by 25 basis points to 3.25 percent as expected, the third consecutive canada goose jacket uk rise in as many meetings. It said rates would need to go higher as strong economic growth fuels inflation pressures, making it the only central bank among developed economies to be raising rates in the current cycle. Canada Goose sale
Canada Goose online speed and extent to which the OCR (official cash rate) will need to rise will canada goose outlet real depend on canada goose outlet kokemuksia the future economic and financial data, and its implications for inflationary pressures, RBNZ Governor Graeme Wheeler canada goose outlet online reviews said in a statement. Canada Goose online
canada goose store The statement was largely similar to that canada goose outlet online uk issued in canada goose outlet vancouver March and April, reiterating that inflation pressures are building, canada goose outlet store toronto particularly in the construction sector, and that terms of trade and migration gains were underpinning growth, although the high exchange rate was offsetting. canada goose store
this canada goose outlet new york city environment, it is important that inflation expectations remain contained and that interest rates return to a more neutral level.
Canada Goose Outlet The RBNZ forecasts of wholesale interest rates were little changed canada goose outlet orlando from the March statement, and implied two further canada goose kensington parka uk 25 basis point rate increases this year, and a steady pace through 2015. Canada Goose Outlet
Canada Goose Online The bank has previously said it expects to raise rates by canada goose outlet 2015 about 200 basis points through to late 2015 as post earthquake reconstruction in the Canterbury region, a booming housing market, high terms of trade, and increasing migration drive the canada goose outlet las vegas economy. Canada Goose Online
cheap Canada Goose The RBNZ said it estimated that the economy has grown by about 4 percent in the year to June, although it trimmed canada goose outlet london uk its forecast slightly for future years. It also reduced inflation forecasts a shade. cheap Canada Goose
uk canada goose The New canada goose coats uk Zealand dollar rose around half a cent to a high around $0.8635 after the announcement, while interest rate futures edged lower. uk canada goose
canada goose The bank repeated its familiar comment that the New Zealand dollar remained unsustainably high despite the sharp fall in commodity prices in New Zealand dollar. The kiwi has come off its highs in the past month, but the trade weighted currency basket, which is the canada goose outlet jackets RBNZ preferred currency measure, has remained above the bank forecast. canada goose
canada goose uk outlet The RBNZ said it was factoring in further softness in canada goose outlet uk commodity prices and a lower exchange rate. canada goose uk outlet
canada goose uk shop Analysts said you can try here the RBNZ canada goose uk site seemed intent on not giving the impression canada goose outlet miami it is easing up on tackling inflation. canada goose uk shop
canada goose coats on sale still want to get rate to a more neutral levels and that a clear reaffirmation of their tightening bias, said Michael Turner, a strategist at RBC Capital Markets. odds are leaning to one more hike in July and maybe a pause after that. canada goose coats on sale
Canada Goose Jackets Turner said it remained an open question as to what neutral interest rates might be. a suggestion it might be around 5 percent, but that seems very high in this low rates world. Canada Goose Jackets
canada goose black friday sale Markets are pricing 96 basis points of hikes in the next 12 months, but a sedate reading of consumer inflation and a stubbornly strong currency have raised speculation the RBNZ may slowdown its planned rate rises. canada goose black friday sale
Annual inflation slowed fractionally to 1.5 percent in the first quarter, and subsequent readings canada goose outlet https://www.alifeoutofdebt.com on canada goose outlet in uk wages, jobs, and consumer and business sentiment have all been modest, backing the view the RBNZ can afford to be gradual in future rate rises.
canada goose clearance sale The RBNZ said major world economies looked to be recovering albeit at a modest pace, and it expected global inflation pressures and stimulatory policies to stay in place for some time. (Editing by Lincoln Feast) canada goose clearance sale.