Tag Archives: RBNZ
RBNZ Unlikely To Erase Its July Hike View
We remain of the view the Reserve Bank will stay on the tightening path it indicated at the time of its March Monetary Policy Statement (MPS) and which it did nothing to deny at its April announcement.
Weekly Commentary
Last week’s soft dairy auction result, and a monster Marchquarter for the construction industry, add to the pluses andminuses that RBNZ Governor Wheeler will be
FX: party on
ECB won’t kill EUR, as capital flow to resume. The USD staged a sharp reversal down last week, and wage growth stuck at 2% suggests – no Fed funds repricing imminent yet, but…
Financial Markets Wrap – May: Finally Cracking
– Global bond yields decline through May amid expectations that policy rates will remain low for longer.
A macro model for Kiwi
What drives the NZD? The NZD is at post-float highs and is one of the highest returning G10 currencies to date this year.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week Expected RBNZ behaviour plus the recent rebound in US sentiment should weigh on NZD/USD this week.
Weekly Commentary
The March quarter labour market figures confirmed that ahiring spree is under way as the economy gathers steam. But with more and more people being drawn into the work force,
RBNZ Spencer: NZD, Housing Key to Timing, Pace of Rate Hikes
Housing market pressures and the exchange rate are important variables on which the pace and timing of interest rate hikes will depend, Reserve Bank of New Zealand’s Deputy Governor Grant Spencer said Friday.
Daily FX Update
A lack of follow through of yesterday’s USD weakness is a warning but the downward trend remains strong. Event risk today is centered on Chair Yellen,
Rate Hikes Questioned
For now, we are sticking with our published view that the RBNZ raises its cash rate in both June and July. But this is highly currency dependent and, the way things are going, a near term pause is looking increasingly likely.
Economy Watch – New Zealand At A Glance
The world outlook remains uncertain but its prospects remain sufficiently strong to add support to a New Zealand expansion which is both broadening and gaining in momentum.