New Zealand's Economy Grows by More Than Expected
The economy grew by 0.8% in the quarter, a pace that was well above the 0.4% expansion forecast by the Reserve Bank of New Zealand, curbing expectations that the central bank will lower interest rates further at its next policy meeting in July.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
26 minutes ago
- Bloomberg
Traders Trim ECB Easing Bets, Favor No More Rate Cuts This Year
Money markets are adding to bets that the European Central Bank will hold interest rates at 2% through to year-end. Traders cut bets on a final quarter-point rate cut this year on Thursday, with swaps implying a less than 50% chance of a move. A decrease was fully-priced as recently as the start of last week.
Wall Street Journal
26 minutes ago
- Wall Street Journal
Heard on the Street Wednesday Recap: Steady, with Dissent
The Federal Reserve held interest rates steady, but faced rare dissent. Two governors appointed by President Trump voted to lower rates. Chair Jerome Powell gave no hint in post-decision remarks of whether he favored cutting after the next meeting, in September.
Wall Street Journal
26 minutes ago
- Wall Street Journal
Podcast: Why Two Officials Dissented When the Fed Left Rates Unchanged
The Federal Reserve held rates steady for a fifth time on Wednesday, but in a rare move, two officials disagreed with the decision. Our investing columnist, Spencer Jakab, joins us to discuss why, as well as what the Fed might watch for ahead of its next meeting in September. Plus, President Trump announced new tariff rates for Brazil, South Korea and India, and said he won't extend the Aug. 1 deadline for countries to make trade deals. 🎧 Listen to our What's News podcast.
