United States Consumer Price Index ex Food & Energy (MoM) meets expectations (0.2%) in July

The Reserve Bank of New Zealand (RBNZ) decided to reduce the official cash rate (OCR) by 25 bps to 5.25%, embarking on an easing cycle much sooner than expected, almost a year ahead of the RBNZ’s own projections, UOB Group RBNZ to continue steadily cutting the OCR “The Reserve Bank of New Zealand (RBNZ) lowered its official cash rate (OCR) by 25 bps to 5.25% earlier today (14 Aug).