OCR
US Treasury yields higher, led by the long end of the curve. Sentiment on increased supply and BoJ's move last week probably not helping. GDT dairy auction poor
2nd Aug 23, 8:04am
US Treasury yields higher, led by the long end of the curve. Sentiment on increased supply and BoJ's move last week probably not helping. GDT dairy auction poor
Chinese equities advanced with officials announcing more measures to support the construction sector and boost consumption. The Bank of Japan announced an unscheduled bond purchase operation to slow the move higher in JGB yields
1st Aug 23, 7:55am
Chinese equities advanced with officials announcing more measures to support the construction sector and boost consumption. The Bank of Japan announced an unscheduled bond purchase operation to slow the move higher in JGB yields
Latest RBNZ lending figures show the total stock of mortgage borrowing has hit $350 billion for the first time, while the nearly $1.2 billion growth in the 'mortgage pile' last month was the most since November last year
31st Jul 23, 3:59pm
31
Latest RBNZ lending figures show the total stock of mortgage borrowing has hit $350 billion for the first time, while the nearly $1.2 billion growth in the 'mortgage pile' last month was the most since November last year
Growing hopes that the US economy can achieve a soft landing where the US Federal Reserve gets inflation under control without triggering a recession. US data showed a cooling in inflation pressures
31st Jul 23, 7:41am
Growing hopes that the US economy can achieve a soft landing where the US Federal Reserve gets inflation under control without triggering a recession. US data showed a cooling in inflation pressures
Inflation still has a long way to fall but a 'soft landing' remains possible
Run of stronger than expected US economic activity data continues. ECB hikes, keeps options open for more. Reports BoJ will tweak of its yield curve control policy
28th Jul 23, 7:52am
Run of stronger than expected US economic activity data continues. ECB hikes, keeps options open for more. Reports BoJ will tweak of its yield curve control policy
[updated]
Higher interest rate offers are motivating savers into term deposits at a faster rate. And the trend may speed up if the big banks crack the 6% mark
27th Jul 23, 1:48pm
90
Higher interest rate offers are motivating savers into term deposits at a faster rate. And the trend may speed up if the big banks crack the 6% mark
[updated]
Statistics New Zealand says the cost of living for households rose 7.2% in the year to June 2023, while food prices increased by some 12.7% for the average household
27th Jul 23, 11:16am
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Statistics New Zealand says the cost of living for households rose 7.2% in the year to June 2023, while food prices increased by some 12.7% for the average household
Fed hikes 25bps, the same as the NZ OCR. Fed keeps options open, maintains slight tightening bias. US rates and USD down modestly after Fed Chair spoke
27th Jul 23, 7:41am
1
Fed hikes 25bps, the same as the NZ OCR. Fed keeps options open, maintains slight tightening bias. US rates and USD down modestly after Fed Chair spoke
Improved sentiment on China supports risk assets. EUR weaker on soft ECB bank lending survey. US equities continue to rally. Consumer confidence up to 2-year high; Treasury yields push higher ahead of Fed meeting early tomorrow
26th Jul 23, 7:43am
Improved sentiment on China supports risk assets. EUR weaker on soft ECB bank lending survey. US equities continue to rally. Consumer confidence up to 2-year high; Treasury yields push higher ahead of Fed meeting early tomorrow
What does five year mortgage rates being lower than one and two year rates mean?
25th Jul 23, 11:15am
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What does five year mortgage rates being lower than one and two year rates mean?
Weak purchasing manager surveys in the US and Europe raise concerns about the strength of the global economy. Expectations of large-scale Chinese stimulus being pared back
25th Jul 23, 7:42am
Weak purchasing manager surveys in the US and Europe raise concerns about the strength of the global economy. Expectations of large-scale Chinese stimulus being pared back
After quarterly inflation figures that contained, in the words of one economist, 'a number of red flags' for the Reserve Bank, upcoming labour market data are seen as key ahead of the RBNZ's next Official Cash Rate decision in August
24th Jul 23, 2:24pm
27
After quarterly inflation figures that contained, in the words of one economist, 'a number of red flags' for the Reserve Bank, upcoming labour market data are seen as key ahead of the RBNZ's next Official Cash Rate decision in August
Investors look ahead to central bank policy decisions from the Federal Reserve, European Central Bank and Bank of Japan this week. Japan CPI higher than expected
24th Jul 23, 7:24am
Investors look ahead to central bank policy decisions from the Federal Reserve, European Central Bank and Bank of Japan this week. Japan CPI higher than expected
NZD and AUD dragged higher by PBoC moves, but broad USD strength overnight then pulls them back down
US Treasury yields higher as labour market data remain remain too strong for comfort. Global forces and post-CPI afterglow drive NZ rates higher. Strong Australian employment report keeps prospect of further RBA tightening alive
21st Jul 23, 7:53am
US Treasury yields higher as labour market data remain remain too strong for comfort. Global forces and post-CPI afterglow drive NZ rates higher. Strong Australian employment report keeps prospect of further RBA tightening alive
David Hargreaves says while inflation is finally heading in the right direction, there's still not enough evidence that the RBNZ's strenuous, interest rate hiking, efforts are going to be able to completely tame high prices in the short term
20th Jul 23, 5:00am
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David Hargreaves says while inflation is finally heading in the right direction, there's still not enough evidence that the RBNZ's strenuous, interest rate hiking, efforts are going to be able to completely tame high prices in the short term
Core inflation has barely budged in the past nine months and may stick around until unemployment begins to rise, economists suggest
19th Jul 23, 4:48pm
41
Core inflation has barely budged in the past nine months and may stick around until unemployment begins to rise, economists suggest
Inflation drops to 6% as petrol prices decline and interest rates suppress demand, but domestic inflation remains high
19th Jul 23, 10:49am
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Inflation drops to 6% as petrol prices decline and interest rates suppress demand, but domestic inflation remains high
Lower European rates support US Treasuries. US retail sales report mixed. ECB's usually hawkish Knot hoses down rate hike expectations beyond next week's meeting. German rates fall 10-13bps
19th Jul 23, 7:49am
1
Lower European rates support US Treasuries. US retail sales report mixed. ECB's usually hawkish Knot hoses down rate hike expectations beyond next week's meeting. German rates fall 10-13bps
Weaker than expected China activity data drive weaker yuan, spilling over into weaker NZD and AUD. Global rates push lower, NZ rates play catch-up
18th Jul 23, 7:42am
1
Weaker than expected China activity data drive weaker yuan, spilling over into weaker NZD and AUD. Global rates push lower, NZ rates play catch-up
Westpac economists say there are signs the labour market 'has not cracked yet', which raises the likelihood the RBNZ will need to upgrade its economic growth forecasts - adding upside risk to the inflation outlook
17th Jul 23, 1:53pm
47
Westpac economists say there are signs the labour market 'has not cracked yet', which raises the likelihood the RBNZ will need to upgrade its economic growth forecasts - adding upside risk to the inflation outlook
‘Soft-landing’ narrative for the US economy gaining momentum amid signs of cooling inflation. US consumer sentiment index easily beat expectations. US treasury yields rebounded. The US Dollar got support from higher US treasury yields
17th Jul 23, 7:35am
‘Soft-landing’ narrative for the US economy gaining momentum amid signs of cooling inflation. US consumer sentiment index easily beat expectations. US treasury yields rebounded. The US Dollar got support from higher US treasury yields
David Hargreaves says new figures out in the coming week will likely show a significant fall in the rate of annual inflation but we shouldn't start celebrating 'victory' in the battle against high prices any time soon
16th Jul 23, 6:01am
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David Hargreaves says new figures out in the coming week will likely show a significant fall in the rate of annual inflation but we shouldn't start celebrating 'victory' in the battle against high prices any time soon
SBS Bank pushes its one year term deposit rate offer to a 15 year high of 6.5% and well above every other bank. We are moving into an unfamiliar zone where some TD offers are higher than inflation
14th Jul 23, 4:30pm
30
SBS Bank pushes its one year term deposit rate offer to a 15 year high of 6.5% and well above every other bank. We are moving into an unfamiliar zone where some TD offers are higher than inflation
Softer than expected US inflation data contributed to large moves across global markets. US equities reach 15 month highs. US treasury yields are lower and the US dollar is sharply weaker
13th Jul 23, 7:53am
1
Softer than expected US inflation data contributed to large moves across global markets. US equities reach 15 month highs. US treasury yields are lower and the US dollar is sharply weaker