OCR
NZD continues to hover in the low 0.69s; Republicans debate their tax bill; RBNZ’s MPS at 9am this morning could well stir the market; GBP is on the soft side; 10-year Treasuries have traded in a 2bps range; local swap rates flat to slightly down
9th Nov 17, 7:27am
NZD continues to hover in the low 0.69s; Republicans debate their tax bill; RBNZ’s MPS at 9am this morning could well stir the market; GBP is on the soft side; 10-year Treasuries have traded in a 2bps range; local swap rates flat to slightly down
NZD found support after unchanged Policy Targets Agreement. UST curve flattens. Local yields snap back after DMO 'shock'. Higher local inflationary pressure developing
8th Nov 17, 7:55am
NZD found support after unchanged Policy Targets Agreement. UST curve flattens. Local yields snap back after DMO 'shock'. Higher local inflationary pressure developing
Influential RBNZ Survey of expectations shows anticipated inflation of 2.02% in two years time, down from 2.09% in August; house price inflation expectations fall
6th Nov 17, 3:22pm
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Influential RBNZ Survey of expectations shows anticipated inflation of 2.02% in two years time, down from 2.09% in August; house price inflation expectations fall
BNZ economists say the Reserve Bank should back up tighter monetary policy emphasis by bringing the date of the first interest rate rises forward
6th Nov 17, 2:46pm
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BNZ economists say the Reserve Bank should back up tighter monetary policy emphasis by bringing the date of the first interest rate rises forward
Roger J Kerr weighs the economic and inflation factors facing the Reserve Bank
6th Nov 17, 10:19am
Roger J Kerr weighs the economic and inflation factors facing the Reserve Bank
NZD closed the day slightly weaker, near 0.6910 USD, having twice met resistance around 0.6950; NZDAUD rose 0.7% for the day to 0.9030; US 10-year rate ended at 2.33%, down 1bp from the NZ close; NZ rate curve flattened on Friday
6th Nov 17, 7:57am
NZD closed the day slightly weaker, near 0.6910 USD, having twice met resistance around 0.6950; NZDAUD rose 0.7% for the day to 0.9030; US 10-year rate ended at 2.33%, down 1bp from the NZ close; NZ rate curve flattened on Friday
Economists expect OCR to stay on hold on Thursday, start to get excited about RBNZ views on new govt policy and implications for growth and inflation ahead of new employment target and new Governor
6th Nov 17, 7:41am
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Economists expect OCR to stay on hold on Thursday, start to get excited about RBNZ views on new govt policy and implications for growth and inflation ahead of new employment target and new Governor
The US tax bill was viewed by the market as underwhelming, UST 10yr nudged down to 2.34-2.35%; NZD trades at 0.6920 USD after seeing some resistance at 0.6930-0.6940; global forces have pushed local rates down, 10yr swap down 3bps to 3.15%
3rd Nov 17, 8:24am
The US tax bill was viewed by the market as underwhelming, UST 10yr nudged down to 2.34-2.35%; NZD trades at 0.6920 USD after seeing some resistance at 0.6930-0.6940; global forces have pushed local rates down, 10yr swap down 3bps to 3.15%
NZD rose after strong employment data and sustained that increase; FOMC Statement was very similar to the September version, with the changes largely a result of tweaks to language around the Hurricanes; NZDAUD met some resistance around 0.9020
2nd Nov 17, 7:46am
NZD rose after strong employment data and sustained that increase; FOMC Statement was very similar to the September version, with the changes largely a result of tweaks to language around the Hurricanes; NZDAUD met some resistance around 0.9020
NZIER economists urge inclusion of nominal GDP growth in the upcoming review of the Reserve Bank Act
1st Nov 17, 1:06pm
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NZIER economists urge inclusion of nominal GDP growth in the upcoming review of the Reserve Bank Act
NZD is down 0.5% from this time yesterday to 0.6835 USD; soft China PMI data added to the woes of the NZD and dragged down the AUD as well; euro-area economic data showed a strong economy but weak inflation
1st Nov 17, 7:33am
NZD is down 0.5% from this time yesterday to 0.6835 USD; soft China PMI data added to the woes of the NZD and dragged down the AUD as well; euro-area economic data showed a strong economy but weak inflation
NZD started the week on a soft note as hedge funds sold the currency; USD is slightly weaker, with the TWI majors index down 0.2%; GBP is one of the best performers, up 0.6% to 1.3210 USD
31st Oct 17, 8:04am
NZD started the week on a soft note as hedge funds sold the currency; USD is slightly weaker, with the TWI majors index down 0.2%; GBP is one of the best performers, up 0.6% to 1.3210 USD
Roger J Kerr says the interest rate outlook has become cloudier
NZD was the best performing of the majors, although gains were modest; higher oil prices supported other commodity currencies; EUR the weakest of all majors
30th Oct 17, 7:57am
NZD was the best performing of the majors, although gains were modest; higher oil prices supported other commodity currencies; EUR the weakest of all majors
Oliver Hartwich argues the best way for a central bank to achieve both low inflation and low unemployment is to make it pursue price stability alone
28th Oct 17, 8:17am
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Oliver Hartwich argues the best way for a central bank to achieve both low inflation and low unemployment is to make it pursue price stability alone
ECB to halve its bond purchase program to €30 bln in January, EUR weaker and European rate lower on the day; NZD continued lower trend on stronger USD; long dated local swap rates rise a touch
27th Oct 17, 8:02am
ECB to halve its bond purchase program to €30 bln in January, EUR weaker and European rate lower on the day; NZD continued lower trend on stronger USD; long dated local swap rates rise a touch
New Reserve Bank figures show a pre-election slump in mortgage borrowing similar to that seen before the 2014 election
26th Oct 17, 3:41pm
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New Reserve Bank figures show a pre-election slump in mortgage borrowing similar to that seen before the 2014 election
NZD down to 0.6875 USD but up against the AUD and CAD; Australian CPI data was below expectations, triggering a weaker AUD; EUR supported by German business confidence indicators reaching all-time highs
26th Oct 17, 7:57am
NZD down to 0.6875 USD but up against the AUD and CAD; Australian CPI data was below expectations, triggering a weaker AUD; EUR supported by German business confidence indicators reaching all-time highs
Kiwibank's economists probe whether the housing boom is turning to a bust or has just hit a temporary bump in the road
25th Oct 17, 10:27am
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Kiwibank's economists probe whether the housing boom is turning to a bust or has just hit a temporary bump in the road
NZD has been the standout performer down 1% to sub-0.69 and near its lows for the session; local swap curve showed rates flat to down 1bp; US 10-year rate nudges higher to 2.41%, past what many consider to be a key technical resistance level of 2.40%
25th Oct 17, 8:15am
NZD has been the standout performer down 1% to sub-0.69 and near its lows for the session; local swap curve showed rates flat to down 1bp; US 10-year rate nudges higher to 2.41%, past what many consider to be a key technical resistance level of 2.40%
With no certainty of capital gains in the immediate future, recent buyers of investment properties may be forced to pay renewed attention to income versus outgoings
24th Oct 17, 2:49pm
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With no certainty of capital gains in the immediate future, recent buyers of investment properties may be forced to pay renewed attention to income versus outgoings
Roger J Kerr sees higher inflation and earlier interest rate rises than those currently forecast
24th Oct 17, 9:35am
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Roger J Kerr sees higher inflation and earlier interest rate rises than those currently forecast
NZD is showing signs of forming a base after its initial swoon following the formation of a new government; USD has managed to hold onto gains seen since Friday; GBP has been supported over the past couple of trading sessions
24th Oct 17, 8:00am
NZD is showing signs of forming a base after its initial swoon following the formation of a new government; USD has managed to hold onto gains seen since Friday; GBP has been supported over the past couple of trading sessions
NZD significantly lower, down between 1.5% and 2.3% on all crosses, trading as low as 0.7012 USD and 0.8910 AUD; globally a slightly risk-off tone has enveloped the markets overnight
20th Oct 17, 7:43am
NZD significantly lower, down between 1.5% and 2.3% on all crosses, trading as low as 0.7012 USD and 0.8910 AUD; globally a slightly risk-off tone has enveloped the markets overnight
Statistics New Zealand says housing costs increased 50.5% in the past decade, while household income rose just 42%
19th Oct 17, 11:29am
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Statistics New Zealand says housing costs increased 50.5% in the past decade, while household income rose just 42%