OCR

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

Trump said the US would resume attacks on Iran which weighed on risk-sensitive assets. Brent crude gains on the lift in tensions. US CPI closely aligns with expectations. Gold prices extend lower

Trump said the US would resume attacks on Iran which weighed on risk-sensitive assets. Brent crude gains on the lift in tensions. US CPI closely aligns with expectations. Gold prices extend lower

Oil prices are lower on increased supply through Hormuz; reports of a downed US military helicopter had only a modest impact. The tech-related sell-off in US equities has resumed. US Treasury yields drifted lower

Oil prices are lower on increased supply through Hormuz; reports of a downed US military helicopter had only a modest impact. The tech-related sell-off in US equities has resumed. US Treasury yields drifted lower

New week opens with Iran and Israel firing missiles at each other; risk appetite improves a little overnight after they agree to end the strikes. US 10-year rate falls back. Bounce-back in IT stocks drives US equities higher

New week opens with Iran and Israel firing missiles at each other; risk appetite improves a little overnight after they agree to end the strikes. US 10-year rate falls back. Bounce-back in IT stocks drives US equities higher

Strong US labour market data brought forward expectations of Fed tightening. Equity markets fell sharply amid a rotation out of mega-cap technology companies. Nasdaq down 4%. Treasury yields higher led by the front end

Strong US labour market data brought forward expectations of Fed tightening. Equity markets fell sharply amid a rotation out of mega-cap technology companies. Nasdaq down 4%. Treasury yields higher led by the front end

US equities higher with large dispersion across sectors and indices. Brent crude fell towards US$95 per barrel on a conditional ceasefire between Israel and Lebanon. Small movement for rates and currencies

US equities higher with large dispersion across sectors and indices. Brent crude fell towards US$95 per barrel on a conditional ceasefire between Israel and Lebanon. Small movement for rates and currencies

Risk sentiment weaker after military action in the Middle East. This with stronger US data drives up US Treasury yields

Risk sentiment weaker after military action in the Middle East. This with stronger US data drives up US Treasury yields

The S&P500 is modestly higher to a fresh intra-day record. US job openings rose sharply in April, reinforcing signs of labour-market resilience. Eurozone inflation rose, supporting expectations for an ECB rate hike this month

The S&P500 is modestly higher to a fresh intra-day record. US job openings rose sharply in April, reinforcing signs of labour-market resilience. Eurozone inflation rose, supporting expectations for an ECB rate hike this month

Middle East backdrop remains tense and uncertain; oil prices trade a wide range on headlines; Brent crude back to US$95 after stretching towards US$98. Another strong US ISM manufacturing report. US and Australian rates higher

Middle East backdrop remains tense and uncertain; oil prices trade a wide range on headlines; Brent crude back to US$95 after stretching towards US$98. Another strong US ISM manufacturing report. US and Australian rates higher

RBNZ Assistant Governor Karen Silk says everyone on the Monetary Policy Committee is comfortable with having their votes made public and despite the split vote, there was still a lot of consensus

RBNZ Assistant Governor Karen Silk says everyone on the Monetary Policy Committee is comfortable with having their votes made public and despite the split vote, there was still a lot of consensus

Risk sentiment improves after reports there's a peace deal. Brent crude down. Mixed US economic data, softer on balance. US Treasury yields and USD lower; US equities lift to a fresh record high

Risk sentiment improves after reports there's a peace deal. Brent crude down. Mixed US economic data, softer on balance. US Treasury yields and USD lower; US equities lift to a fresh record high

Money markets, bank economists, and you, all struggle with assessing what will happen at the four OCR reviews to come in 2026 and the resulting interest rates moves

Money markets, bank economists, and you, all struggle with assessing what will happen at the four OCR reviews to come in 2026 and the resulting interest rates moves