AUD/NZD nosedives below 1.0940 as RBNZ announces an interest rate hike by 50 bps
25.05.2022, 02:33

AUD/NZD nosedives below 1.0940 as RBNZ announces an interest rate hike by 50 bps

  • AUD/NZD has plunged to near 1.0934 on consecutive 50 bps OCR hikes by the RBNZ.
  • RBNZ’s OCR has been elevated to 2%, in line with the estimates.
  • Aussie bulls are awaiting the release of the monthly Retail Sales later this week.

The AUD/NZD pair has been offered strongly by the market participants after the Reserve Bank of New Zealand (RBNZ) announced a rate hike by 50 basis points (bps). The cross has fallen sharply below 1.0940 as the RBNZ has elevated its Official Cash Rate (OCR) to 2%.

The interest rate decision announcement has come in line with the market consensus. A jumbo rate hike to contain the inflationary pressures were highly required in the kiwi area. In the first quarter of CY2022, the annual Consumer Price Index (CPI) was recorded at 6.9%, significantly higher than the targeted boundary of 2%. Keeping in mind the elevated price pressures and tight labor market, RBNZ Governor Adrian Orr is deploying its quantitative weapons to trim the impact on the economy.

No one could deny the fact that the consecutive OCR hike by 50 bps would do better to rein in the roaring inflation but along with that, it is not early to say that the RBNZ has pressed the recession button in the kiwi zone. A prompt tightening action by the RBNZ is going to absorb liquidity from the market at a much more rapid pace.

Meanwhile, the second antipodean is awaiting the release of the Retail Sales later this week. The Australian Bureau of Statistics is expected to report a serious plunge in the economic data. A preliminary estimate for monthly Retail Sales is 0.9% vs. 1.6% reported last month.

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik