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Commodities, Bonds, US Dollar, DXY, Gold, Silver, Iron Ore, Copper, Crude Oil, Natural Gas. Elliott Wave
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The Government of India has increased the windfall tax on petroleum crude from around $50.97 to almost $85.37 from 15 August. On Monday, the government hiked prices because of a ...
Watch the August 2023 Monetary Policy Statement media conference with: Governor Adrian Orr. Assistant Governor Karen Silk. Chief Economist Paul Conway.
The current level of interest rates is constraining spending and hence inflation pressure, as anticipated and required. The Committee agreed that the OCR needs to stay at restrictive levels for the foreseeable future to ensure annual consumer price inflation returns to the 1 to 3% target range, while supporting maximum sustainable employment. The New Zealand economy is evolving broadly as anticipated. Activity continues to slow in parts of the economy that are more sensitive to interest rates. Labour shortages are easing as overall demand softens and immigration adds to labour resources. Headline inflation and inflation expectations have declined, but measures of core inflation remain too high. Globally, economic growth remains below trend and headline inflation has eased for most of our trading partners. Core inflation remains high in many countries. Weakening global economic growth is putting downward press post: RBNZ Gov Orr: Raising OCR Track Is Not Forward Guidance - Raised OCR Track Is Not Strong Signal On Next Move post: RBNZ Gov Orr: Wary About Doing Too Much On Rates - Risks In Next Few Months Are Activity Could Be Stronger Than Projected - Not Much Discussion Of A Rate Cut, Steady Consensus Was Easily Formed
Oil prices crept lower in Asian trade on Wednesday, shrugging off signs of a bigger-than-expected draw in U.S. inventories as concerns over worsening Chinese economic conditions ...
Retail sales, including at food services and drinking places, jumped 0.7% in July from June, after the upwardly revised 0.3% increase in June, and the 0.7% increase in May. ...
The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 6.4% in the 12 months to July 2023, down from 7.3% in June. On a monthly basis, CPIH fell by 0.3% ...