RBNZ’s Hawkesby: Cutting interest rates is not part of near-term discussion

Source Fxstreet
May 24, 2024 02:14

Reserve Bank of New Zealand (RBNZ) Deputy Governor Hawkesby said on Friday that “cutting interest rates is not part of near-term discussion. “

Further comments

While near-term inflation risks are to upside, confident medium-term inflation is returning to target.

No single data point will cause rate hike, watching domestic inflation pressures, expectations.

A lot of uncertainty about tradable inflation going forward.

Market reaction

NZD/USD remains on the defensive near 0.6100 following these comments, down 0.11% on the day.

New Zealand Dollar PRICE Today

The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the weakest against the US Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.06% 0.03% 0.14% 0.03% 0.13% 0.15% 0.08%
EUR -0.06%   -0.01% 0.07% -0.05% 0.07% 0.10% 0.02%
GBP -0.03% 0.00%   0.08% -0.02% 0.09% 0.11% 0.02%
JPY -0.14% -0.07% -0.08%   -0.09% -0.00% 0.02% -0.07%
CAD -0.03% 0.05% 0.02% 0.09%   0.09% 0.13% 0.04%
AUD -0.13% -0.07% -0.09% 0.00% -0.09%   0.02% -0.06%
NZD -0.15% -0.10% -0.11% -0.02% -0.13% -0.02%   -0.09%
CHF -0.08% -0.02% -0.02% 0.07% -0.04% 0.06% 0.09%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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