Should the prospect of a recession make the Reserve Bank more cautious on OCR?

Should the prospect of a recession make the Reserve Bank more cautious on OCR?

LOUIS DOUVIS/Sydney Morning Herald Australia’s central bank now appears to be taking a more “wait and see” approach to what is happening in the economy. The Reserve Bank of Australia threw the spade among the pigeons by only raising its official exchange rate by 25 basis points on Tuesday, on the eve of the New …

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More businesses are seeing light at the end of the tunnel, says think tank

123RF The survey responses confirm the view that inflation will ease, says NZIER. Businesses have lost some of their pessimism about the economic outlook, but remain optimistic about the future, according to a survey by the New Zealand Institute of Economic Research. The latest quarterly survey from the business opinion think tank found that 42% …

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‘One of the worst times for New Zealand home values’: New CoreLogic data shows further falls

Business Editor Liam Dann explains the official exchange rate and how the Reserve Bank defines OCR to influence the economy. Home values ​​in New Zealand have suffered one of the biggest declines in three months, and this is set to continue with interest rates set to rise further today. Nick Goodall, head of research at …

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Couple ditches roommate to avoid energy crisis over winter living in refurbished van

Couple, 23, who are ‘sick and tired’ of paying £900 a month in rent and bills reveal they swapped flats for life in a converted van to save money Ollie Pearson and Tessie Mitchell, both 23, from Bristol, live in a refurbished van The couple gave up their roommate to avoid an energy crisis during …

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Covid bloodbath expected as government opens books today

Finance Minister Grant Robertson at the release of last year’s financial statements. Photo/Mark Mitchell The Treasury will open the government’s books today, revealing the state of its finances after one of the most difficult exercises in recent history. The publication of the year-end accounts also kicks off the budget process for 2023, which Finance Minister …

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Global central banks increase reserves by 20 tons in August – World Gold Council

Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here ! (Kitco News) – Central banks continue to provide essential support to the gold market; however, data collected by the World Gold Council shows that …

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