Tag Archives: RBNZ
Elevated NZD continues to weigh on headline inflation in second quarter
QII CPI inflation was close to market and RBNZ expectations, lifting 0.2% over the quarter.
Weekly Commentary
After a very quiet New Zealand data week, we’ve decided to step back and review the three big themes of the past month
Business Euphoria
RBNZ Deputy Governor, Grant Spencer, stuck to the Bank’s recent script in his speech this morning.
June Outlook for Borrowers
• The market has moved toward pricing our view of a first OCR hike in March 2014
A Solid Q1…and Q2
• We expect Q1 GDP grew 0.6%, despite drought • Market anticipates 0.5% as does the RBNZ
US Morning Update
Major overnight headlines: • Japan’s Suga says government views recent falls in the Nikkei as “profit taking”, Thomson Reuters
Strategist
Economic Outlook At face value, today’s RBNZ Monetary Policy Statement was dovish in nature. Despite the housing market going gangbusters, construction surging,
USDJPY continues to wreak havoc
Abenomics is fast proving a bad word in Japan as the overnight moves in the Nikkei put the stock average beyond the
RBNZ Review – Official Cash Rate held at 2.5%
• RBNZ sees stronger house price inflation pressures and stronger domestic demand.
Tug-of-war continues: Housing vs NZD
• OCR on hold at 2.5%, as universally expected. • RBNZ sees stronger house price inflation pressures and stronger domestic demand.