{"id":69401,"date":"2015-03-12T02:15:27","date_gmt":"2015-03-12T06:15:27","guid":{"rendered":"http:\/\/countingpips.com\/?p=69401"},"modified":"2015-03-12T04:23:20","modified_gmt":"2015-03-12T08:23:20","slug":"reserve-bank-of-new-zealand-forecast-growth-hold-rates","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/03\/reserve-bank-of-new-zealand-forecast-growth-hold-rates\/","title":{"rendered":"Reserve Bank of New Zealand forecast growth, hold rates"},"content":{"rendered":"<div id=\"inves-4220664902\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 12, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The central bank of New Zealand did not provide any surprises after its policy meeting on Thursday. This helped the kiwi rally against its major counterparts.<\/p>\n<p>The Reserve Bank of New Zealand (RBNZ) decided not to cut the main interest rate and left it at 3.5 percent. The Bank kept a more or less neutral stance and this helped lift the kiwi off five-week lows to rise to $0.7305 right after the rate announcement. The NZD\/USD continued to rise after the Tokyo open to edge up to $0.7342.<\/p>\n<p>RBNZ Governor Graeme Wheeler said he is reluctant to join counterparts who have cut rates this year because New Zealand\u2019s economic growth is accelerating and there are signs of a house-price bubble developing in Auckland.<\/p>\n<p>\u201cOur situation is quite different from some of those countries that have changed monetary policy or cut interest rates,\u201d Wheeler said.<\/p>\n<p>\u201cWe\u2019ve got an economy that\u2019s growing at 3.25, perhaps 3.5 percent and we\u2019re projecting it to continue to grow at those sorts of rates over the next two years, \u201d he added.<\/p><div id=\"inves-3346813060\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Wheeler did note however that the currency was still high.<\/p>\n<p>New Zealand was the first developed nation to tighten policy last year. The central bank paused after completing just half its intended rate increases as a strong currency, a weak global environment and falling oil prices sent inflation below the bottom of its 1 percent-to-3 percent target range.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The central bank of New Zealand did not provide any surprises after its policy meeting on Thursday. This helped the kiwi rally against its major counterparts. The Reserve Bank of New Zealand (RBNZ) decided not to cut the main interest rate and left it at 3.5 percent. The Bank kept a more [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69401","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/69401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=69401"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/69401\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=69401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=69401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=69401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}