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  • IMF: RBNZ should continue swift policy normalization

    In a report, IMF urged RBNZ to have “significant increases” in interest range in the near term to address inflation as a priority. IMF said, “with the recovery well-entrenched, tight labor market conditions, and elevated inflation, it is appropriate to withdraw fiscal and monetary support as envisaged.” Fiscal policy should “remain agile”. “While the scheduled tightening…

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Home » News » New Zealand

  • NZD Soars Despite Drop in Confidence

    The New Zealand dollar is up sharply on Tuesday. In the North American session, NZD/USD is trading at 0.6943, up 0.83% on the day. NZ consumer sentiment falls sharply Westpac Consumer sentiment slowed for a third straight quarter, and the Q1 release showed a sharp drop, falling from 99.1 to 92.1. The 100-level separates optimism…

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