Economia
Há uma semana postei o comunicado do Reserve Bank of Australia. Vejam agora o comunicado do RBNZ acerca de sua decisão de manter a taxa de juros inalterada.
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. The New Zealand economy has performed relatively well while headline inflation has increased somewhat since the June Statement. At the same time, however, global economic and financial risks have increased.
Domestic economic activity has surprised on the upside and capacity usage appears to have increased. Continued high export commodity prices and, in time, reconstruction in Canterbury are expected to provide impetus to demand over the projection horizon. However, the outlook for New Zealand’s trading partners has deteriorated markedly. There is now a real risk that global economic activity slows sharply.
Global financial market sentiment has also deteriorated. Sovereign debt concerns in Europe and the weakened global outlook have caused international bank funding markets to tighten. If conditions do not improve, New Zealand bank funding costs will increase.
Largely because the New Zealand economy has been doing better than many others, the New Zealand dollar has appreciated since the June Statement. The high level of the New Zealand dollar is having a dampening influence on some parts of the tradable sector and on imported inflation.
Annual headline CPI inflation continues to be above the Bank’s 1 to 3 percent target band. However, much of the current spike in inflation has been driven by last year’s increase in the rate of GST, and will therefore be temporary. Wage and price setters should focus on underlying inflation, which, while rising, is currently estimated to be near 2 percent.
If recent global developments have only a mild impact on the New Zealand economy, it is likely that the OCR will need to increase. For now, given the recent intensification in global economic and financial risks, it is prudent to continue to hold the OCR at 2.5 percent.
Este pessoal não tem SAMBA no pé.
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Economia
Mutatis mutandis redux redux
Há uma semana postei o comunicado do Reserve Bank of Australia. Vejam agora o comunicado do RBNZ acerca de sua decisão de manter a taxa de juros inalterada.
Monetary Policy Statement September 2011 - Policy Assessment
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. The New Zealand economy has performed relatively well while headline inflation has increased somewhat since the June Statement. At the same time, however, global economic and financial risks have increased.
Domestic economic activity has surprised on the upside and capacity usage appears to have increased. Continued high export commodity prices and, in time, reconstruction in Canterbury are expected to provide impetus to demand over the projection horizon. However, the outlook for New Zealand’s trading partners has deteriorated markedly. There is now a real risk that global economic activity slows sharply.
Global financial market sentiment has also deteriorated. Sovereign debt concerns in Europe and the weakened global outlook have caused international bank funding markets to tighten. If conditions do not improve, New Zealand bank funding costs will increase.
Largely because the New Zealand economy has been doing better than many others, the New Zealand dollar has appreciated since the June Statement. The high level of the New Zealand dollar is having a dampening influence on some parts of the tradable sector and on imported inflation.
Annual headline CPI inflation continues to be above the Bank’s 1 to 3 percent target band. However, much of the current spike in inflation has been driven by last year’s increase in the rate of GST, and will therefore be temporary. Wage and price setters should focus on underlying inflation, which, while rising, is currently estimated to be near 2 percent.
If recent global developments have only a mild impact on the New Zealand economy, it is likely that the OCR will need to increase. For now, given the recent intensification in global economic and financial risks, it is prudent to continue to hold the OCR at 2.5 percent.
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Este pessoal não tem SAMBA no pé.
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- Análise Do Fmi Sobre A Economia Dos Eua
O FMI divulgou ontem a sua análise sobre a economia dos EUA: "The U.S. economy continues to recover from its worst financial crisis since the Great Depression, aided by supportive macroeconomic policies. Monetary policy remains highly accommodative,...
- Fed Adota Virtual Regime De Metas Para A Inflação
Release Date: January 25, 2012For release at 2:00 p.m. EST Following careful deliberations at its recent meetings, the Federal Open Market Committee (FOMC) has reached broad agreement on the following principles regarding its longer-run goals and monetary...
- Previsões Do Fmi 2011 E 2012.
Latin America and the Caribbean is expected to expand by 4½ percent in 2011 and to moderate to about 4 percent in 2012. Although the slowdown in advanced economies is projected to have only a moderate effect in most countries, large risks to the outlook...
- O Fim Da Bolha Dos Brics Está Chegando
BRIC Banks Signaling Credit Risks as Loans Sour By Michael Patterson - Jul 31, 2011 8:00 PM GMT-0300Sun Jul 31 23:00:00 GMT 2011 Banks in the biggest emerging markets are losing the confidence of investors as loans...
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O governo brasileiro tomou a decisão correta em 2003 ? O Blanchard fez as contas e concluiu que : This paper argues that this is the situation the Brazilian economy found itself in in 2002 and 2003. It presents a model of the interaction between...