OCR
Lower US inflation expectations support US Treasuries and rates nudge down. USD broadly weaker; NZD pushes up. Markets await China/US trade negotiation news
10th Jun 25, 8:22am
Lower US inflation expectations support US Treasuries and rates nudge down. USD broadly weaker; NZD pushes up. Markets await China/US trade negotiation news
Kiwibank follows its main rivals with its own home loan rate cuts, concentrating its fire on the short fixed rate end. Its term deposit savers are getting their own cuts, across the board
9th Jun 25, 9:38am
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Kiwibank follows its main rivals with its own home loan rate cuts, concentrating its fire on the short fixed rate end. Its term deposit savers are getting their own cuts, across the board
US labour market data shows resilience despite the elevated policy uncertainty. Treasury yields sharply higher as Fed easing expectations are trimmed. Further signs of an easing in US-China trade tensions supports risk sentiment
9th Jun 25, 7:41am
US labour market data shows resilience despite the elevated policy uncertainty. Treasury yields sharply higher as Fed easing expectations are trimmed. Further signs of an easing in US-China trade tensions supports risk sentiment
Trump and Xi speak. Trump says the call "a very positive conclusion"; China readout not as positive. ECB cuts as expected but signals being close to the end of the easing cycle. US initial jobless claims rise to highest level since October
6th Jun 25, 7:57am
Trump and Xi speak. Trump says the call "a very positive conclusion"; China readout not as positive. ECB cuts as expected but signals being close to the end of the easing cycle. US initial jobless claims rise to highest level since October
Weaker than expected data supports rally in US treasuries. US Services ISM contracts. Equity markets less impacted with the S&P500 modestly higher and global stocks reaching a record high
5th Jun 25, 7:48am
Weaker than expected data supports rally in US treasuries. US Services ISM contracts. Equity markets less impacted with the S&P500 modestly higher and global stocks reaching a record high
Future Official Cash Rate decisions in 2025 are ‘all effectively live’, ASB economists say
4th Jun 25, 2:04pm
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Future Official Cash Rate decisions in 2025 are ‘all effectively live’, ASB economists say
US equities are stronger, supported by the JOLTs report, which showed resilience in the labour market. US treasuries reversed course after the report, pushing up yields across the curve, and the 10-year rate is up slightly
4th Jun 25, 7:42am
US equities are stronger, supported by the JOLTs report, which showed resilience in the labour market. US treasuries reversed course after the report, pushing up yields across the curve, and the 10-year rate is up slightly
[updated]
Our largest home loan lender shores up its rate position as challengers, including some of its main rivals, shift to lower positions in a tightly competitive market. ASB responds with its own timid changes
3rd Jun 25, 5:06pm
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Our largest home loan lender shores up its rate position as challengers, including some of its main rivals, shift to lower positions in a tightly competitive market. ASB responds with its own timid changes
US manufacturing ISM softer than expected reflecting the uncertain economic backdrop. Crude oil prices climbed more than 2% despite news that OPEC+ had agreed to increase oil output
3rd Jun 25, 7:28am
US manufacturing ISM softer than expected reflecting the uncertain economic backdrop. Crude oil prices climbed more than 2% despite news that OPEC+ had agreed to increase oil output
Pandemic inflation still haunts the RBNZ, making policymakers more cautious on rate cuts than economic models advise
30th May 25, 10:07am
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Pandemic inflation still haunts the RBNZ, making policymakers more cautious on rate cuts than economic models advise
Further macro uncertainty after a US court invalidated Trump’s ‘liberation day’ tariffs. An initial S&P500 rally following the decision faded. Soft US economic data brought lower US Treasury yields and a weaker US dollar
30th May 25, 7:43am
Further macro uncertainty after a US court invalidated Trump’s ‘liberation day’ tariffs. An initial S&P500 rally following the decision faded. Soft US economic data brought lower US Treasury yields and a weaker US dollar
The RBNZ could leave its next move until August as Trump tariffs hang in the air
29th May 25, 2:01pm
1
The RBNZ could leave its next move until August as Trump tariffs hang in the air
Global rates higher with spillover from a poor ultra-long bond auction in Japan, but the UST 10-yr rate hasn’t pushed much higher. The NZD sustained the modest gain seen after the RBNZ’s new neutral bias, following its rate cut
29th May 25, 7:41am
Global rates higher with spillover from a poor ultra-long bond auction in Japan, but the UST 10-yr rate hasn’t pushed much higher. The NZD sustained the modest gain seen after the RBNZ’s new neutral bias, following its rate cut
The Reserve Bank says it isn’t biased towards lowering the Official Cash Rate further after cutting it to 3.25% in a 5-1 vote on Wednesday
28th May 25, 7:58pm
30
The Reserve Bank says it isn’t biased towards lowering the Official Cash Rate further after cutting it to 3.25% in a 5-1 vote on Wednesday
[updated]
Rate cut announcements to savings accounts have started to flow with the first from ANZ who passed through the full -25 bps cut. ASB only cuts -20 bps
28th May 25, 2:53pm
Rate cut announcements to savings accounts have started to flow with the first from ANZ who passed through the full -25 bps cut. ASB only cuts -20 bps