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The percentage of US 4-month Treasury bonds auctioned up to July 8th was 80.43%, compared to 57.66% previously.

2026-07-08

The percentage of US 4-month Treasury bonds auctioned up to July 8th was 80.43%, compared to 57.66% previously.

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2026-07-08

US President Trump: We had some very good meetings, especially with Turkey.

US President Trump: We had some very good meetings, especially with Turkey.
2026-07-08

RBNZ MPC unanimously raised the official cash rate (OCR) by 25bps to 2.50%. Partial reopening of the Strait of Hormuz pushed global oil and other petrochemical prices sharply lower, easing near-term inflation pressure, but the energy shock’s effects

RBNZ MPC unanimously raised the official cash rate (OCR) by 25bps to 2.50%. Partial reopening of the Strait of Hormuz pushed global oil and other petrochemical prices sharply lower, easing near-term inflation pressure, but the energy shock’s effects will persist and medium-term inflation remains uncertain. Policy is set to return inflation to target while avoiding unnecessary economic instability. New Zealand’s economy was on a recovery path before the Middle East conflict; the oil shock weakened Q2 momentum. With inflation still above target and activity expected to strengthen, further removal of monetary stimulus may be required to return inflation to the 2% midpoint. Future rate decisions will depend on incoming data, price-setting behavior and the extent to which recent cost increases pass through to consumer prices.
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