FOREX TradingCharts.com

Financial News: RBNZ Chief Says Monetary Policy Remains As Effective

RBNZ Chief Says Monetary Policy Remains As Effective As Ever

08/28/2019 - 00:11:00 (RTTNews)

(RTTNews) - Even at low levels of interest rates, monetary policy remains as effective as ever at providing timely economic stimulus, Reserve Bank of New Zealand Governor Adrian Orr said Wednesday.

For small open economies like New Zealand, the exchange rate plays a significant additional role in competitiveness, he noted.

Further, Orr said central banks have limitations in achieving goals with their tools and it cannot operate alone. Monetary policy needs to be partnered with broader fiscal and structural economic policy.

At the August meeting, RBNZ had cut the official cash rate by 50 basis points to 1.00 percent to underpin economic growth and revive inflation.

The recent rate cut by RBNZ reflected an expected decline in trading partner growth, lower NZ inflation expectations, and a global swing to lower interest rates. Lower interest rates stimulate investment, he observed.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Zealand Services Sector Slows In August - BusinessNZ (02 hr(s), 0 min(s),19 sec(s) ago)
(RTTNews) - The services sector in New Zealand continued to expand in August, albeit at a slightly ...Full Story»

China Data Due On Monday (03 hr(s), 15 min(s), 19 sec(s) ago)
(RTTNews) - China is scheduled to release a raft of data on Monday, headlining a modest day for As ...Full Story»

U.S. Business Inventories Climb More Than Expected In July (10 hr(s), 47 min(s), 19 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed business inventories in ...Full Story»

U.S. Consumer Sentiment Rebounds More Than Expected In September (10 hr(s), 56 min(s), 19 sec(s) ago)
(RTTNews) - After reporting a substantial deterioration in U.S. consumer sentiment in the previous ...Full Story»

U.S. Import Prices Drop More Than Expected Amid Plunge In Fuel Prices (11 hr(s), 15 min(s), 19 sec(s) ago)
(RTTNews) - With fuel prices pulling back sharply, the Labor Department released a report on Frida ...Full Story»

U.S. Retail Sales Climb More Than Expected Amid Jump In Auto Sales (11 hr(s), 37 min(s), 19 sec(s) ago)
(RTTNews) - Reflecting a jump in auto sales, the Commerce Department released a report on Friday s ...Full Story»

U.S. Import Prices Drop More Than Expected In August (12 hr(s), 32 min(s), 19 sec(s) ago)
(RTTNews) - With fuel prices pulling back sharply, the Labor Department released a report on Frida ...Full Story»

U.S. Retail Sales Climb More Than Expected In August (12 hr(s), 39 min(s), 19 sec(s) ago)
(RTTNews) - Reflecting a jump in auto sales, the Commerce Department released a report on Friday s ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Zealand Services Sector Slows In August - BusinessNZ

09/15/2019 - 19:15 PM (RTTNews)
(RTTNews) - The services sector in New Zealand continued to expand in August, albeit at a slightly ...Full Story>>

China Data Due On Monday

09/15/2019 - 18:00 PM (RTTNews)
(RTTNews) - China is scheduled to release a raft of data on Monday, headlining a modest day for As ...Full Story>>

U.S. Business Inventories Climb More Than Expected In July

09/13/2019 - 10:28 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday showed business inventories in ...Full Story>>

U.S. Consumer Sentiment Rebounds More Than Expected In September

09/13/2019 - 10:19 AM (RTTNews)
(RTTNews) - After reporting a substantial deterioration in U.S. consumer sentiment in the previous ...Full Story>>

U.S. Import Prices Drop More Than Expected Amid Plunge In Fuel Prices

09/13/2019 - 10:00 AM (RTTNews)
(RTTNews) - With fuel prices pulling back sharply, the Labor Department released a report on Frida ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.