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11 Aug 2016

New Zealand Finance Minister – Inflation targeting is more important than ever

New Zealand finance minister Bill English, while speaking in parliament, said the inflation targeting is more important than ever.

English’s comments come after RBNZ cut rates to fresh record low of 2% from 2.25%.

Aug 11, 2016

Gold ends 3-day rally, drops to 5-DMA

Gold prices failed to sustain above $ 1350 barrier and fell back into the red this Thursday, extending its retreat from near $ 1357 region. Gold: Ups
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Aug 11, 2016

China Press: China will not resort to aggressive monetary easing unless substantial changes in the economy

China’s Xinhua News Agency noted in its latest commentary that China will not resort to aggressive monetary easing until there are substantial changes
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