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Risk appetite weaker on poor China economic data but a recovery has ensued. US equities now modestly higher after earlier weakness in futures markets. Global food price inflation rising
17th May 22, 7:52am
3
Risk appetite weaker on poor China economic data but a recovery has ensued. US equities now modestly higher after earlier weakness in futures markets. Global food price inflation rising
Economists at Westpac NZ say RBNZ inflation targeting facing the biggest challenge in its 30+ year history
17th May 22, 7:50am
72
Economists at Westpac NZ say RBNZ inflation targeting facing the biggest challenge in its 30+ year history
Risk appetite recovers helped by news that Shanghai is planning to ease lockdown restriction. Fed's Powell supports 50bps hikes at the next two meetings while acknowledging it will be "quite challenging" to achieve a soft landing
16th May 22, 7:50am
2
Risk appetite recovers helped by news that Shanghai is planning to ease lockdown restriction. Fed's Powell supports 50bps hikes at the next two meetings while acknowledging it will be "quite challenging" to achieve a soft landing
TSB surprises the home loan market cutting its one-year fixed rate 'special' as term deposit rates continue to trend up
13th May 22, 9:33am
5
TSB surprises the home loan market cutting its one-year fixed rate 'special' as term deposit rates continue to trend up
Risk assets continue to tumble as global recession fears grow. Russia cutting off some gas supplies to Germany, rumours of Beijing lockdown, expectations of aggressive central bank rate hikes all add to the gloomy outlook
13th May 22, 8:03am
2
Risk assets continue to tumble as global recession fears grow. Russia cutting off some gas supplies to Germany, rumours of Beijing lockdown, expectations of aggressive central bank rate hikes all add to the gloomy outlook
Influential RBNZ survey shows that even though the central bank has already hiked interest rates to fight inflation, people believe that high inflation is going to be with us for quite some time
12th May 22, 3:21pm
32
Influential RBNZ survey shows that even though the central bank has already hiked interest rates to fight inflation, people believe that high inflation is going to be with us for quite some time
Statistics New Zealand says food prices climbed 0.1% last month, with the rise in minimum wage having an impact
12th May 22, 11:14am
7
Statistics New Zealand says food prices climbed 0.1% last month, with the rise in minimum wage having an impact
Finance Minister believes NZ is in a strong position to weather the current global storms
12th May 22, 9:23am
86
Finance Minister believes NZ is in a strong position to weather the current global storms
US CPI inflation stronger than expected, generating some market volatility resulting in lower US equity markets, flatter US yield curve. Brexit risks re-emerge
12th May 22, 7:56am
2
US CPI inflation stronger than expected, generating some market volatility resulting in lower US equity markets, flatter US yield curve. Brexit risks re-emerge
Risk sentiment rebounds overnight, with equities bouncing back. Global rates lower amid falling market-based inflation expectations. Several Fed officials endorse +50bps hikes at the next two meetings
11th May 22, 7:52am
2
Risk sentiment rebounds overnight, with equities bouncing back. Global rates lower amid falling market-based inflation expectations. Several Fed officials endorse +50bps hikes at the next two meetings
Asset markets signal growing concern around the global growth outlook. Equities tumble. Market pares back Fed rate hike expectations. CNY weakness continues
10th May 22, 7:57am
1
Asset markets signal growing concern around the global growth outlook. Equities tumble. Market pares back Fed rate hike expectations. CNY weakness continues
Global long-term rates hit fresh highs. US nonfarm payrolls close to expectations, but some tentative signs that wage pressures are easing. Industrial metals and commodity currencies also lower as global growth concerns weigh
9th May 22, 7:56am
1
Global long-term rates hit fresh highs. US nonfarm payrolls close to expectations, but some tentative signs that wage pressures are easing. Industrial metals and commodity currencies also lower as global growth concerns weigh
Finance Minister announces new debt ceiling and surplus targets, new headline debt measure, and a later return to surplus than earlier targeted
3rd May 22, 8:10am
72
Finance Minister announces new debt ceiling and surplus targets, new headline debt measure, and a later return to surplus than earlier targeted
Bank of Japan now stands alone in not fighting inflation. Yen weakness spills over to the yuan. German inflation surprises to the upside, again. European rates increase sharply
29th Apr 22, 8:02am
6
Bank of Japan now stands alone in not fighting inflation. Yen weakness spills over to the yuan. German inflation surprises to the upside, again. European rates increase sharply
Latest Reserve Bank figures show net credit growth in the March quarter was the slowest since the third quarter of 2020
28th Apr 22, 3:51pm
1
Latest Reserve Bank figures show net credit growth in the March quarter was the slowest since the third quarter of 2020
Australian CPI blows past expectations and markets expect an RBA hike next week. NZD and AUD hold up relatively well. NZ 2-year swap rate continues to push relentlessly higher
28th Apr 22, 7:56am
5
Australian CPI blows past expectations and markets expect an RBA hike next week. NZD and AUD hold up relatively well. NZ 2-year swap rate continues to push relentlessly higher
Equity markets plummet again on concerns around the global growth outlook. US bond rates fall for the second day running on safe haven demand
27th Apr 22, 7:58am
2
Equity markets plummet again on concerns around the global growth outlook. US bond rates fall for the second day running on safe haven demand
Westpac pushes through its third interest rate rise for home loans in April, but ends up with the most competitive card for key terms among the main banks. It raised its term deposit rates at the same time
26th Apr 22, 4:32pm
18
Westpac pushes through its third interest rate rise for home loans in April, but ends up with the most competitive card for key terms among the main banks. It raised its term deposit rates at the same time
The country's banks see potential falls in house prices and inflationary pressures as factors that will continue to dampen demand for mortgages. Tighter lending standards will remain
26th Apr 22, 1:56pm
6
The country's banks see potential falls in house prices and inflationary pressures as factors that will continue to dampen demand for mortgages. Tighter lending standards will remain
Fears of front-loaded US tightening cycle and China lockdowns drive risk appetite lower. Much lower US rates since Friday's NZ close
26th Apr 22, 7:57am
1
Fears of front-loaded US tightening cycle and China lockdowns drive risk appetite lower. Much lower US rates since Friday's NZ close
[updated]
The scale of home loan rate rises is now at a level that will crimp consumer spending for those who roll over the fixed rate mortgages. The impact will spread relentlessly over the next few months
22nd Apr 22, 9:19am
92
The scale of home loan rate rises is now at a level that will crimp consumer spending for those who roll over the fixed rate mortgages. The impact will spread relentlessly over the next few months
Global bond yields rise significantly again, following hawkish ECB commentary. US 5-year rate cracks 3%. NZ CPI inflation "only" 6.9%, but core measures show further upward momentum in Q1
22nd Apr 22, 7:59am
1
Global bond yields rise significantly again, following hawkish ECB commentary. US 5-year rate cracks 3%. NZ CPI inflation "only" 6.9%, but core measures show further upward momentum in Q1
Economists are tentatively suggesting the 6.9% annual inflation rate might be somewhere near the peak, but they don't see high prices subsiding any time soon
21st Apr 22, 2:22pm
65
Economists are tentatively suggesting the 6.9% annual inflation rate might be somewhere near the peak, but they don't see high prices subsiding any time soon
Inflation had its biggest annual jump since 1990, driven by housing and fuel related costs
21st Apr 22, 10:59am
144
Inflation had its biggest annual jump since 1990, driven by housing and fuel related costs
ASB raises its fixed home loan rates just ahead of the imminent release of the March quarter inflation data. Banks are now in two separate rate-level camps
21st Apr 22, 9:14am
27
ASB raises its fixed home loan rates just ahead of the imminent release of the March quarter inflation data. Banks are now in two separate rate-level camps