Tag Archives: RBNZ
Waiting in the wings – NZ Consumer Price Index preview, Q4 2013
Lower fuel prices and a strong New Zealand dollar helped to restrain inflation to an estimated 1.4% in the year to December. Home-grown inflation pressures are picking up as the economy accelerates,
The next step – NZ Quarterly Survey of Business Opinion, Q4 2013
Business sentiment has risen sharply over the last year, and with demand picking up, firms’ expansion plans are the strongest in two decades.
Weekly Forex & Interest Rate Outlook
The NZD has been the outperformer of 2014. Fundamentalssuggest that should continue.Our economic data pulse mode (Chart 2), which captureseconomic momentum, is riding high.
Economy Watch – Post MPS: Outlook for Borrower
The RBNZ confirmed in its December Monetary Policy Statement that it will need to raise the Official Cash Rate next year. Its forecast 90-day bank bill track implies a first hike in March/April,
Markets Outlook – NZ On Fire
It just doesn’t get much better than this! At least that’s what corporate New Zealand is telling us. Today’s ANZ Business Opinion Survey reveals a business sector that is the most optimistic it has been in almost 20 years.
Weekly Commentary
The economy has accelerated markedly as we anticipated. It has built up a head ofsteam as cranes have replaced broken buildings on the Canterbury skyline, house priceshave accelerated into uncharted territory and
Daily FX Wrap and Strategy
Local markets will open to familiar levels for the NZD/USD, at 0.8240 this morning, after traversing inside a 0.8225/0.8325 range in offshore markets.
RBNZ holds but on track to hike next year
The RBNZ kept the official cash rate (OCR) at 2.5%, as universally expected. We maintain our long-held view ofMarch 2014 for the timing first OCR increase, with timing risks looking more balanced than prior to the meeting.
The Global Macro Pulse
EURUSD rallied further in Asia to 1.3756 while AUDUSD and USDJPY were flat at 0.9105 and 103.28, respectively. In EM Asia FX, the MYR has outperformed, appreciating to 3.2005 to the dollar while USDPHP rose to 44.280,
Weekly Commentary
A question of timing The Reserve Bank is going into this week’s interest rate decision armed with plenty of reason to reiterate the message that interest rates will rise next year.
Currency likely to influence timing of RBNZ rate hikes
In assessing the how the landscape differs now from what the RBNZ faced in September, the key difference is undoubtedlythe higher NZD.
Daily FX Wrap and Strategy
This will be my last BNZ Markets Wrap & Strategy. Thanks for your interest and readership and over the past few years. All the best, Mike.