RBNZ Must Tame Domestic Inflation Before Cutting Rates, ANZ Says
New Zealand’s central bank will only pivot to an easing stance when it is sure it has domestic inflation under control, which will take until next year, ANZ Bank says.
New Zealand’s central bank will only pivot to an easing stance when it is sure it has domestic inflation under control, which will take until next year, ANZ Bank says.
Global markets were rocked by fresh conflict in the Middle East that sent stocks lower while oil and haven assets including Treasures and the dollar rallied.
Treasuries advanced with the dollar as concerns over an escalation in the Middle East conflict bolstered demand for safe-haven assets.
Oil jumped after US officials said Israel had struck targets in Iran, with Brent rallying on concerns over the potential for a wider regional conflict that could endanger crude supplies.
The Nikkei 225 Stock Average was headed for a technical correction amid a global selloff in stocks as the outlook for US interest rates and tensions in the Middle East spooked investors.
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