OCR

ASB changes tack on the Reserve Bank's Official Cash Rate outlook, now expects July OCR pause as US-Iran Memorandum of Understanding cools oil prices

ASB changes tack on the Reserve Bank's Official Cash Rate outlook, now expects July OCR pause as US-Iran Memorandum of Understanding cools oil prices

Iranian Navy fires at ship crossing Strait Of Hormuz, following warnings. Oil prices rise. US core PCE rises, but not as high as some feared; UST 10-year rate falls

Iranian Navy fires at ship crossing Strait Of Hormuz, following warnings. Oil prices rise. US core PCE rises, but not as high as some feared; UST 10-year rate falls

Following a split Official Cash Rate vote in May, UBS anticipates a more allied voting stance in the Reserve Bank’s July Monetary Policy Review. Westpac sees 2 hikes this year

Following a split Official Cash Rate vote in May, UBS anticipates a more allied voting stance in the Reserve Bank’s July Monetary Policy Review. Westpac sees 2 hikes this year

Oil prices continue to fall. Lower oil prices pull down global rates. USD continues to strengthen, building on the gains since the Fed's hawkish hold last week. Other major currencies probe fresh lows

Oil prices continue to fall. Lower oil prices pull down global rates. USD continues to strengthen, building on the gains since the Fed's hawkish hold last week. Other major currencies probe fresh lows

Risk appetite weaker, linked to selling pressure across semi-conductor and AI-related stocks. Global equity markets fall. Move supports lower global rates, overpowering concern about prospect of tighter US monetary policy

Risk appetite weaker, linked to selling pressure across semi-conductor and AI-related stocks. Global equity markets fall. Move supports lower global rates, overpowering concern about prospect of tighter US monetary policy

Brent crude prices dip towards US$78 per barrel on US-Iran talk optimism. US Treasury agrees a temporary waiver on Iran oil sanctions

Brent crude prices dip towards US$78 per barrel on US-Iran talk optimism. US Treasury agrees a temporary waiver on Iran oil sanctions

A delay to US-Iran negotiations weighed on risk appetite and supported oil prices. NZD/USD saw only a limited recovery after falling to two-month lows. NZD was weaker on the crosses

A delay to US-Iran negotiations weighed on risk appetite and supported oil prices. NZD/USD saw only a limited recovery after falling to two-month lows. NZD was weaker on the crosses

US-Iran MOU signing has led to an earlier end to the conflict and a re-opening of Hormuz; oil and gas is flowing freely; Brent crude probing fresh 3-mth lows. US equities rebound. USD strength returns, sending DXY index to highest in over a year

US-Iran MOU signing has led to an earlier end to the conflict and a re-opening of Hormuz; oil and gas is flowing freely; Brent crude probing fresh 3-mth lows. US equities rebound. USD strength returns, sending DXY index to highest in over a year

Economists don’t expect the latest GDP figures to have a large bearing on the Reserve Bank’s OCR outlook but ANZ says likely hike in July is ‘no longer the slam dunk it was’

Economists don’t expect the latest GDP figures to have a large bearing on the Reserve Bank’s OCR outlook but ANZ says likely hike in July is ‘no longer the slam dunk it was’

Hawkish hold by the US Federal Reserve at Kevin Warsh’s first meeting as chairman. Front end US Treasury yields higher supporting the US dollar. US retail sales stronger than expected

Hawkish hold by the US Federal Reserve at Kevin Warsh’s first meeting as chairman. Front end US Treasury yields higher supporting the US dollar. US retail sales stronger than expected

Oil prices continue to tumble, ahead of the official signing of a US-Iran peace deal, seeing Brent crude trade down to USD79 per barrel; Iranian oil on the move already. BoJ rate hike and steady RBA policy both as expected

Oil prices continue to tumble, ahead of the official signing of a US-Iran peace deal, seeing Brent crude trade down to USD79 per barrel; Iranian oil on the move already. BoJ rate hike and steady RBA policy both as expected

Following May’s SPI figures, bank economists have revised their inflation projections for the June quarter and while the US-Iran deal is welcomed, it ‘doesn’t fully unwind the global oil supply shock’

Following May’s SPI figures, bank economists have revised their inflation projections for the June quarter and while the US-Iran deal is welcomed, it ‘doesn’t fully unwind the global oil supply shock’

Petrol and diesel prices dip month-on-month, food prices rise 1% due to global milk prices increasing in May

Petrol and diesel prices dip month-on-month, food prices rise 1% due to global milk prices increasing in May

US-Iran MOU signed electronically, paving the way for the Strait of Hormuz to gradually reopen. Brent crude falls to US$83/bbl; solid gains in many equity markets. Muted reaction for bonds and currencies

US-Iran MOU signed electronically, paving the way for the Strait of Hormuz to gradually reopen. Brent crude falls to US$83/bbl; solid gains in many equity markets. Muted reaction for bonds and currencies

Hopes for diplomatic breakthrough to de-escalate conflict support equities. Oil prices swing but ultimately extend recent decline and reach lowest since mid-April. Conflicting narratives suggest ongoing uncertainty about the proposed US-Iran deal

Hopes for diplomatic breakthrough to de-escalate conflict support equities. Oil prices swing but ultimately extend recent decline and reach lowest since mid-April. Conflicting narratives suggest ongoing uncertainty about the proposed US-Iran deal