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[Market] Spot gold fell to $1,720 an ounce, down 0.36% on the day.
Japan will sell 900 billion yen of 30-year government bonds on October 12.
[Market] Since the announcement of the New Zealand Federal Reserve's interest rate decision, the New Zealand dollar against the US dollar NZD/USD has risen by nearly 70 points, and the intraday increase has expanded to 1.23%, and is now at 0.5798.
Reserve Bank of New Zealand: Some members stressed that the current larger increase in the official cash rate (OCR) would reduce the likelihood of it reaching the higher required peak.
[Market] MSCI Asia Pacific Index rose 1%.
[Market] The New Zealand dollar against the US dollar NZD/USD continued to rise. After the announcement of the interest rate decision, it rose by 50 points to 0.5779, up 0.80% on the day.
RBNZ: Wholesale funding costs are rising and bank funding conditions are expected to become less accommodating.
[Quote] The New Zealand dollar two-year swap jumped 5 basis points, as the New Zealand Federal Reserve is expected to raise interest rates further.
RBNZ: Members also noted a lag in monetary policy transmission and slow transmission to retail interest rates.
RBC: "Uncertainty" about voluntary production cuts at OPEC+ meeting, the group's "real problem" is room for further cuts.
RBNZ: The Committee is determined to accomplish its policy mandate.
Reserve Bank of New Zealand: If the New Zealand dollar continues to fall, it will bring further upside risks to inflation.
[Market] Since the announcement of the interest rate decision, the New Zealand dollar against the US dollar NZD/USD has increased by 40 points, up 0.61%, and is now at 0.5762.
RBNZ: Domestic spending levels remain resilient.
RBNZ: A slew of indicators highlighted broad price pressures.
Reserve Bank of New Zealand: Maintaining the pace of rate hikes remains appropriate.
Reserve Bank of New Zealand: Wage pressures are emerging.
Reserve Bank of New Zealand: The Committee is considering raising the Official Cash Rate (OCR) by 50 or 75 basis points at this meeting.
Reserve Bank of New Zealand: Weaker growth prospects for trading partners.
RBNZ: Committee members agreed that monetary conditions need to continue to tighten until inflation returns to the target range.