FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
Strong NZD is making matters more complicated for RBNZ
Growth in Q3 2015 was decent, the unemployment rate recorded a notable fall of 0.7 percentage points to 5.3% and the sentiment indicators have risen notably recently. Even though depressed growth outlook in China and the renewed fall in milk price in 2016 pose risks for the New Zealand economy - there is a lack of hard data to prove that these risks will materialise.
That said, since RBNZ's January meeting NZD-USD has continuously appreciated. As a result the downward risks for inflation that had notably disappointed in Q4, are increasing. The Kiwi may gain further as RBNZ seen keeping OCR at 2.5%, underpinning the attractiveness of the country's yields as banks elsewhere move to negative rates, something the RBNZ will be wary of.
