Tag Archives: RBNZ
Crossing the Rubicon
The Reserve Bank’s stance on monetary policy has come into line with our long-held views – all now agree that the housing and construction booms will provoke inflation.
Daily FX Wrap and Strategy
The NZD has performed head and shoulders above its peers over the past 24-hours. The NZD/USD sits around 0.8090 this morning.
FX Daily Strategist: US
UK GDP suggests abstaining from fresh GBP shorts ahead of Aug 1 BoE This morning’s UK release plays to our view to be strategically short GBP,
Daily FX Update
RBNZ TURNS HAWKISH, TALKS OF STIMULUS REMOVAL • USD — mixed, as NZD, JPY, CAD and AUD rise; others are weak.
The Global Macro Pulse
Having rallied in New York in response to higher US yields, the USD is basically flat against the major currencies in Asia.
FX Daily Strategist: Europe
Steady RBNZ message boosts the NZD The RBNZ left rates unchanged and made few changes its rhetoric,
RBNZ remains on hold, but delivers firmer statement
• OCR unchanged at 2.5%, as universally expected. • The statement is slightly firmer than in the June MPS,
Rate Increases More Widely Accepted
By and large, today’s OCR review was simply a restatement of the June MPS. Indeed, much of the text was identical.
New Zealand Economics – Market Focus
CURRENCY STRATEGY We do not see seismic events acting as a trend changer, rather merely reintroducing a temporary discount for investing in a country perched on the “ring of fire”.
As low as it goes
The Consumer Price Index rose 0.2% in the June quarter, in line with our forecast but a touch below the market median and the RBNZ’s pick of 0.3%.
China Abolishes Lending Rate Floor. Australian CPI this Week
Equity markets were little changed on Friday night, with no key data released The market was weighed down by the disappointing earnings from Microsoft and Google that were released after the bell on Thursday.
RBNZ Preview: Tensions remain despite recent NZD easing
We expect the RBNZ to leave the OCR on hold at 2.5% at the July 25 OCR Review,