RBNZ's Silk: Behaviour of price inflation is crucial for cash rate path ahead

FXStreetAug 16, 2024 12:51 AM

View all comments（0）



RBNZ Assistant Governor Karen Silk said in an interview on Friday that the New Zealand central bank is taking a measured approach to rate cuts.

Key quotes

Uncertainty remains on how quickly inflation will subside.

Bank is taking a measured approach to rate cuts.

The behavior of price inflation is crucial for the cash rate path ahead.

Market reaction

The NZD/USD pair is trading lower by 0.13% on the day to trade at 0.5983, as of writing.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

TSMC (TSM) Breaks Q2 2026 Records, Then Falls 5%: Reason Explained

TradingKey - TSMC reported Q2 revenue of $40.2B, gross margin of 67.7% (a record), net profit up 77%, and raised full-year guidance to >40% growth. Then the stock fell 5%. JPMorgan called it: no bad news, just an impossibly high bar. Here’s the setup at $406.

Netflix Slumps Over 10% Pre-Market: Weak Q3 Guidance, Streaming Giant Faces Subscriber Growth Test

TradingKey - Netflix (NFLX) shares fell as much as 10.5% in pre-market trading after the company’s third-quarter revenue and earnings guidance both missed market expectations, sparking renewed investor concerns over its growth prospects.

Chinese AI Startup Moonshot AI Launches Kimi K3 Model, Saying It Rivals OpenAI and Anthropic

TradingKey - On July 16, Eastern Time, Chinese AI startup Moonshot AI officially released its next-generation large language model, Kimi K3, on Thursday. With a total scale of 2.8 trillion parameters, it is currently the world's largest open-source AI model.

USD/JPY Hits 160.00 Mark, Will Japanese Government Intervene? Will the Currency’s Rally Be Contained?

TradingKey - As of March 30, USD/JPY continued to fluctuate at high levels near the 160 mark, with the Yen falling to a nearly one-year low. Market expectations for potential intervention by Japanese authorities have intensified rapidly, while uncertainty surrounding the Bank of Japan's policy path

$100 Oil and $5,000 Gold: Why the Dollar is Preparing for a Historic Breakout This Week

TradingKey - Global markets are on the edge of their seats as we enter a very important trading week. The US Dollar Index (DXY) is sitting pretty at a ten-month high, and WTI Crude Oil has finally hit that all-important $100 level.

Featured Tools