OCR
The Reserve Bank will need to raise OCR by more than it assumed, Westpac senior economist Satish Ranchhod says, due to 'ongoing sizable increases' in administered prices
The Reserve Bank will need to raise OCR by more than it assumed, Westpac senior economist Satish Ranchhod says, due to 'ongoing sizable increases' in administered prices
US Treasury yields reach new milestone highs. USD broadly stronger; NZD and AUD underperform on weaker risk sentiment, with RBA Governor Bullock's dovish soundbites contributing
US Treasury yields reach new milestone highs. USD broadly stronger; NZD and AUD underperform on weaker risk sentiment, with RBA Governor Bullock's dovish soundbites contributing
Oil prices drove markets after US–Iran ceasefire talks stalled, with Brent rising above US$108/bbl. Global bond yields surged to multi-year highs and equities weakened. Gold fell, while the USD and NZD were little changed
Oil prices drove markets after US–Iran ceasefire talks stalled, with Brent rising above US$108/bbl. Global bond yields surged to multi-year highs and equities weakened. Gold fell, while the USD and NZD were little changed
[updated]
What's behind the big gap between New Zealand's OCR and Australia's cash rate?
US treasury curve steepened as the front end rallied while the long-end remained under pressure. 30-year yield above 5.50%. The US dollar weakened, with the yen outperforming. Lower oil prices supported risk sentiment
US treasury curve steepened as the front end rallied while the long-end remained under pressure. 30-year yield above 5.50%. The US dollar weakened, with the yen outperforming. Lower oil prices supported risk sentiment
Oil prices were volatile on shifting headlines around Iran and the Strait of Hormuz. Global yields rose further, with curves steepening in the US and Europe
Oil prices were volatile on shifting headlines around Iran and the Strait of Hormuz. Global yields rose further, with curves steepening in the US and Europe
Carnage in global bond markets; rates surge to fresh multi-decade highs. Higher oil prices, prospect of US diesel export ban, strong US and European PMI data all in the mix overnight. Equity markets weaker, but unremarkable falls
Carnage in global bond markets; rates surge to fresh multi-decade highs. Higher oil prices, prospect of US diesel export ban, strong US and European PMI data all in the mix overnight. Equity markets weaker, but unremarkable falls
Brent crude trading just below USD100 per barrel as diplomatic efforts step up and Saudi Arabia prepares to reopen key oil pipeline. US Treasuries relatively flat, 10-year rate at 4.96%
Brent crude trading just below USD100 per barrel as diplomatic efforts step up and Saudi Arabia prepares to reopen key oil pipeline. US Treasuries relatively flat, 10-year rate at 4.96%
Oil prices down for a fourth consecutive day, Brent crude currently US$100/bbl. These falls rive down global rates and drive up global equity markets, with strong gains for US equities
Oil prices down for a fourth consecutive day, Brent crude currently US$100/bbl. These falls rive down global rates and drive up global equity markets, with strong gains for US equities
In most economies with independent money markets, investors are signaling a much higher chance of more rate rises, with positions hardening weekly
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In most economies with independent money markets, investors are signaling a much higher chance of more rate rises, with positions hardening weekly
ANZ NZ economists now expect Reserve Bank to increase OCR to 3.50% rather than 3%
Large yen swings followed the BOJ rate hike, though broader currency moves were contained. Sovereign bond yields rose, with 10-year US Treasury yields back near 5%. US equities were little changed, while major European indices weakened
Large yen swings followed the BOJ rate hike, though broader currency moves were contained. Sovereign bond yields rose, with 10-year US Treasury yields back near 5%. US equities were little changed, while major European indices weakened
Petrol and diesel prices rise month-on-month as international airfares record largest annual increase since April 2023, Statistics NZ says
Petrol and diesel prices rise month-on-month as international airfares record largest annual increase since April 2023, Statistics NZ says
Risk sentiment recovered, with equities reversing the post-FOMC selloff. US yields fell and the curve flattened, helped by an initial dip in oil prices and stronger gilts
Risk sentiment recovered, with equities reversing the post-FOMC selloff. US yields fell and the curve flattened, helped by an initial dip in oil prices and stronger gilts
ANZ NZ senior economist Matthew Galt says global developments and ‘resilience’ in latest GDP data suggests it would be ‘prudent’ for the Reserve Bank to hike the OCR in October
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ANZ NZ senior economist Matthew Galt says global developments and ‘resilience’ in latest GDP data suggests it would be ‘prudent’ for the Reserve Bank to hike the OCR in October