We had talked about the market volatility in our June quarter newsletter, and it certainly has not let up since! What caused this recent bout of extreme volatility where markets have moved up and down by 1% to 2.5% in day? Generally, summer holidays in the US and Europe mean lower trading ... Read more
Archives for August 2024
Media Release Statement by the Reserve Bank Board: Monetary Policy Decision —6th August 2024
Number 2024-15 Date6 August 2024 At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation remains above target and is proving persistent. Inflation has ... Read more