The Day Today

"The ECB Day Today" - 8 May 2014

It’s the ECB today and will they take any action? Inflation was indeed higher last month as Draghi had warned, due to Easter effects, but 0.7% is still very far from it’s “just below 2%”…

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"The Day Today" - 7 May 2014

* After the New Zealand dollar rises to 30 year highs, the RBNZ Governor gave notice that continued ccy strength could prompt intervention and/or remove the need for future rate hikes: if the NZD fails to respond “It would become more opportune for the Reserve Bank to intervene in the currency market to sell New Zealand dollars”……

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