<\/p>\n
\u00a0As we expected in our report issued yesterday evening, the markets largely await the Reserve Bank of New Zealand in the Asian session (what are the expected scenarios) (fayezalajmi-4x.com) The Monetary Policy Committee of the Reserve Bank of New Zealand (RBNZ) decided to raise the official interest rates OCR by 0.25% to 0.75% In his meeting less than two hours ago. <\/span><\/span><\/p>\n The statement issued by the bank indicated that the recent and prolonged closures in Auckland, Northland and Wakato had caused a sharp contraction in economic activity, but with the easing of restrictions now, the economy is expected to return to recovery. <\/span><\/span><\/p>\n The bank expects inflation to reach its peak at 5.7% in the fourth quarter of this year (annual inflation is at 4.9% now) before it declines over the next two years towards the bank\u2019s target of 2% in the medium term, stressing that the inflation movements were greater than the bank\u2019s expectations.<\/span><\/span><\/p>\n With regard to continuing the process of raising interest rates, the bank believes that there is a strong need for higher interest rates to achieve price stability and maximum employment. <\/span><\/span><\/p>\n It is expected that interest rates will be at 2% by the end of next year and reach 2.5% in the year 2023. <\/span><\/span><\/p>\n The New Zealand dollar has been trading on a decline since the announcement of the statement in the morning, and it is losing about 50 points against the US dollar, trading at 0.6895 levels, because a 25-point hike was calculated from a long period, and as we mentioned in the last report that unless there is a movement of 50 points, we are expected to see negativity in motion.<\/span><\/span><\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" \u00a0As we expected in our report issued yesterday evening, the markets largely await the Reserve Bank of New Zealand in the Asian session (what are the expected scenarios) (fayezalajmi-4x.com) The Monetary Policy Committee of the Reserve Bank of New Zealand (RBNZ) decided to raise the official interest rates OCR by 0.25% to 0.75% In his […]<\/p>\n","protected":false},"author":1,"featured_media":2770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currency-markets"],"acf":[],"yoast_head":"\n