Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
As expected, the Reserve Bank of New Zealand (RBNZ) lowered interest rates by 50 bpbs to 4.75%. The RBNZ said that it is appropriate to cut the rate by 50 bpbs to achieve and maintain low and stable inflation. The inflation is maintained with its target range 1-3% and converging on the 2 percent midpoint.
Business investment and consumer spending have been weak, and employment conditions continue to soften
Global economic growth remains below its long-run trend and is expected to remain so for the year ahead. Economic growth in the United States and China is expected to slow.
Members agreed that increasing excess capacity leads to lower inflationary pressure in the New Zealand economy. Economic growth is partly weak because of low productivity growth, but mostly due to weak consumer spending and business investment.
Major resistance- 0.6205
Near-term resistance - 0.6150
Minor support- 0.6050,0.6000
Trend reversal level- 0.6620
