OCR
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
16
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
Fed Funds rate raised by 25bps, as widely expected, with FOMC members seeing another rate hike later this year. US short end rates higher post Fed; US 10-year rate pares earlier fall. USD broadly stronger
Fed Funds rate raised by 25bps, as widely expected, with FOMC members seeing another rate hike later this year. US short end rates higher post Fed; US 10-year rate pares earlier fall. USD broadly stronger
Risk sentiment weak, with global rates grinding higher, imparting a negative bias to global equities. US 10-year rate its highest level since 2007 and matched elsewhere with fresh multi-year or multi-decade highs in rates
Risk sentiment weak, with global rates grinding higher, imparting a negative bias to global equities. US 10-year rate its highest level since 2007 and matched elsewhere with fresh multi-year or multi-decade highs in rates
Oil prices start week higher on supply concerns, but Brent trades a wide range, easing back after hitting USD110 overnight. US 10-year Treasury yield breaks above 5% but falls back quickly. US equities modestly weaker
Oil prices start week higher on supply concerns, but Brent trades a wide range, easing back after hitting USD110 overnight. US 10-year Treasury yield breaks above 5% but falls back quickly. US equities modestly weaker
Monthly core US CPI was firmer than forecast, strengthening the case for tighter policy. Markets imply around a 90% chance of a 25bp hike at this week’s FOMC meeting. The US Treasury curve flattened as 2-year yields make a new cycle high
1
Monthly core US CPI was firmer than forecast, strengthening the case for tighter policy. Markets imply around a 90% chance of a 25bp hike at this week’s FOMC meeting. The US Treasury curve flattened as 2-year yields make a new cycle high
Brent crude pushed above $107, lifting yields and the USD while weighing on equities. Bond yields reached fresh multi-year highs. The ECB hiked rates and delivered hawkish commentary
Brent crude pushed above $107, lifting yields and the USD while weighing on equities. Bond yields reached fresh multi-year highs. The ECB hiked rates and delivered hawkish commentary
Higher oil prices drive up global rates; European 10-year rates close at fresh multi-year highs; US 10-year rate reaches 4.85% after disappointment on the size of the expanded buyback program. NZD continues to underperform
Higher oil prices drive up global rates; European 10-year rates close at fresh multi-year highs; US 10-year rate reaches 4.85% after disappointment on the size of the expanded buyback program. NZD continues to underperform
Currency markets settle, well contained. Australian focus shifts to a more hawkish stance on inflation despite weakening consumer & business sentiment. Things looking up for NZ GDP growth
2
Currency markets settle, well contained. Australian focus shifts to a more hawkish stance on inflation despite weakening consumer & business sentiment. Things looking up for NZ GDP growth
Oil prices push higher following further weekend tit-for-tat strikes between the US and Iran; global rates push higher. Yen surges further after key technical break
Oil prices push higher following further weekend tit-for-tat strikes between the US and Iran; global rates push higher. Yen surges further after key technical break
US payrolls surprised strongly, lifting US Treasury yields and nudging up pricing for a September Fed hike. Equities softened while the US dollar’s initial gains faded. Record US diesel prices highlight their ongoing energy-market pressures
US payrolls surprised strongly, lifting US Treasury yields and nudging up pricing for a September Fed hike. Equities softened while the US dollar’s initial gains faded. Record US diesel prices highlight their ongoing energy-market pressures
RBNZ Assistant Governor Karen Silk says monetary policy is not just about curbing borrowing demand, it’s also about incentivising people to save more
6
RBNZ Assistant Governor Karen Silk says monetary policy is not just about curbing borrowing demand, it’s also about incentivising people to save more
Fed Governor Waller tempered expectations for a September hike. US equities rallied. The US dollar weakened broadly, while the yen led gains on firmer expectations of BoJ tightening
Fed Governor Waller tempered expectations for a September hike. US equities rallied. The US dollar weakened broadly, while the yen led gains on firmer expectations of BoJ tightening
RBNZ Governor Anna Breman hints at pause in OCR increases, but keen to prevent giving businesses the opportunity to hike prices
9
RBNZ Governor Anna Breman hints at pause in OCR increases, but keen to prevent giving businesses the opportunity to hike prices