New Zealand FinMin Robertson: RBNZ has a responsibility to address inflation

Market news

20 February 2023

New Zealand FinMin Robertson: RBNZ has a responsibility to address inflation

New Zealand (NZ) Deputy Prime Minister and Finance Minister Grant Robertson said on Monday that the “Reserve Bank of New Zealand (RBNZ) has a responsibility to address inflation.”

“RBNZ needs to look through current events,” Roberston added.

The RBNZ is scheduled to meet this Wednesday for its policy decision, with uncertainty around a 50 bps or 25 bps rate hike looming, in the face of the recent flooding and cyclone disasters.

Market reaction

Amidst a mixed market mood, NZD/USD remains depressed below 0.6250 so far this Monday. The spot is down 0.07% on the day.

Currencies. Daily history for Monday, February 20, 2023

Commodities. Daily history for Friday, February 17, 2023

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.