The Monetary Policy Committee of the Reserve Bank of New Zealand on Wednesday decided to keep its Official Cash Rate unchanged at the record low of 0.25 percent, in line with expectations.It was the 10th straight meeting with no change after the RBNZ trimmed the OCR by 75 basis points to the current mark on March 16, 2020.The Committee also will keep the Large Scale Asset Purchase (LSAP) Program o...
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.