Bank of New Zealand’s Post

Here's some quick concise thoughts on the pivot from the Reserve Bank and the increased chatter on rate cuts!

An easy to digest 1min snapshot on the latest OCR announcement from the Reserve Bank:

FD interest rates comparison: What top banks are offering in 2024

Generally, when the interest rates are going down, the bond prices rise, and consequently, the NAV of debt funds also increases. The yield curve is likely to trend lower due to rate cuts and liquidity infusion by the central bank. #mutualfundssahihai #nav #debt #funds #rates #bond #yield #centralbank #mutualfunds #kotakmutualfund

The Reserve Bank leaves the cash rate unchanged At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent. #InterestRates #CentralBankDecision #CashRateTarget #EconomicNews #FinancialUpdate #MonetaryPolicy

Commercial banks are poised to make trading gains as the yield on the benchmark 10-year government bond fell by 14 basis points (bps) in the January-March quarter to settle at 7.06 per cent on the last trading day of the fourth quarter.

🇺🇸 Standard and Poor's predicts that US banks are unlikely to benefit from widened net interest margins before 2024, regardless of the Federal Reserve's interest rate decisions #NASDAQ100

The Central Bank accepted LKR 100Bn worth of Treasury bills in today's auction (which is the same amount that was offered). The weighted average yields for 3-month and 6-month bills declined while the 1-year rates remained unchanged.  #cse #srilanka #stockmarket #investing #equityresearch #growth #sentiment #capitalmarkets #stockanalysis #treasuryyields #economynews #investmentresearch #equityresearch #governmentsecurity #stockbrokers #centralbanks

Another round of central bank meetings is set to take place this month. We think policymakers will have to recognise growing disparities in economic fundamentals, with the consequences for rates set to breathe new life into FX markets. https://loom.ly/u664Yaw #centralbanks #policymakers #monetarypolicy #interestrates #fxmarkets #financialservices #foreignexchange #fxtraders

In a sure sign that they think interest rate cuts are looming, the big banks have started to cut fixed interest rates. Read the full article here: https://lnkd.in/g_fvZ9_U #Hotspotting #TheWeekInRealEstate #AustralianBanks #InterestRates