The Reserve Bank of New Zealand raises rates to 2.50% and sees inflation near its peak
The RBNZ raises rates to 2.50% as expected. Governor Breman notes inflation may have peaked and the economy is recovering.
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Gold falls 1.43% to $4,127.60 an ounce due to the Fed's aggressive shift anticipating rate hikes, overshadowing tensions in the Middle East.
The RBNZ raises rates to 2.50% as expected. Governor Breman notes inflation may have peaked and the economy is recovering.
ING forecasts that Poland's Central Bank will keep rates at 3.75% until the end of 2026, ruling out hikes and delaying cuts.
NZD/USD drops 0.26% to 0.5685 due to Middle East tensions and dollar strength, as the market anticipates an RBNZ rate hike.
Christopher Waller defends future rate guidance but calls for flexibility to avoid limiting the Fed's response. The debate over the 'dot plot' intensifies.
Goldman Sachs rules out Fed rate hikes in 2026, despite market expectations following Kevin Warsh's arrival. Employment and inflation data support this view.
Warsh's Fed keeps rates unchanged, but the dot plot anticipates a quarter-point hike before December amid internal division and a cooling economy.
Fed Chairman Kevin Warsh warns he will not tolerate inflation above 2%, disappointing expectations of rate cuts despite Trump's pressures.
The dollar plummets after weak US employment figures (57,000 jobs in June) and the Fed lowers the likelihood of a rate hike in September to 45%.