OCR
Another main bank - Kiwibank - trumps the ASB 6% term deposit offer for a six month term, pushing it to 6.05%, a market-leading level from any bank
18th Oct 23, 2:15pm
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Another main bank - Kiwibank - trumps the ASB 6% term deposit offer for a six month term, pushing it to 6.05%, a market-leading level from any bank
Much stronger than expected US retail sales data and recovery in industrial production play to economic resilience narrative. US Treasury yields higher across the curve
18th Oct 23, 8:04am
Much stronger than expected US retail sales data and recovery in industrial production play to economic resilience narrative. US Treasury yields higher across the curve
Inflation has fallen by far more than anybody expected, despite surging fuel costs, which suggests the Reserve Bank's interest rate rises of the recent past are working
17th Oct 23, 11:22am
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Inflation has fallen by far more than anybody expected, despite surging fuel costs, which suggests the Reserve Bank's interest rate rises of the recent past are working
Housing and petrol prices were the largest contributors to inflation during September
17th Oct 23, 11:00am
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Housing and petrol prices were the largest contributors to inflation during September
New week kicks off with higher risk appetite. USD broadly weaker, US equities higher, US Treasury yields higher with 10-year rate up 10bps. Eyes on NZ CPI, expecting high inflation rate
17th Oct 23, 7:46am
New week kicks off with higher risk appetite. USD broadly weaker, US equities higher, US Treasury yields higher with 10-year rate up 10bps. Eyes on NZ CPI, expecting high inflation rate
Rising investor risk aversion hangs over global markets. Global equities fell and flows into safe haven assets picked up. Both oil and gold surged. US consumer sentiment fell to the lowest level since May
16th Oct 23, 7:23am
Rising investor risk aversion hangs over global markets. Global equities fell and flows into safe haven assets picked up. Both oil and gold surged. US consumer sentiment fell to the lowest level since May
For the sake of its credibility the Reserve Bank needs to see some meaningful easing in domestic inflationary pressures when the latest Consumers Price Index figures are released in the coming week
15th Oct 23, 6:01am
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For the sake of its credibility the Reserve Bank needs to see some meaningful easing in domestic inflationary pressures when the latest Consumers Price Index figures are released in the coming week
Annual US core inflation falls to two-year low of 4.1%, but strong underbelly for September plays to higher for longer rates theme. US Treasury yields up strongly, with further kick higher for the long end after a poor 30-year auction
13th Oct 23, 7:57am
Annual US core inflation falls to two-year low of 4.1%, but strong underbelly for September plays to higher for longer rates theme. US Treasury yields up strongly, with further kick higher for the long end after a poor 30-year auction
Food prices virtually unchanged on a seasonally adjusted basis in the past month, taking the annual rate of food price inflation down to 8.0%, according to Stats NZ
12th Oct 23, 11:13am
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Food prices virtually unchanged on a seasonally adjusted basis in the past month, taking the annual rate of food price inflation down to 8.0%, according to Stats NZ
A main bank moves the 6% term deposit rate offer to a six month term, and raises its three year offer to a market-leading 6.10%
12th Oct 23, 9:24am
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A main bank moves the 6% term deposit rate offer to a six month term, and raises its three year offer to a market-leading 6.10%
US Fed in 'wait and see' mode with PPI slightly higher than expected and eyes on US CPI. China considers raising 2023 budget deficit to allow for more stimulus
12th Oct 23, 7:52am
US Fed in 'wait and see' mode with PPI slightly higher than expected and eyes on US CPI. China considers raising 2023 budget deficit to allow for more stimulus
Markets taking a sanguine view on Israel-Hamas conflict. Market more focused on the possible end of Fed tightening cycle after recent Fed speeches. Chance of additional Fed hike down to 30%; US Treasuries sustain yesterday's rally
11th Oct 23, 7:52am
Markets taking a sanguine view on Israel-Hamas conflict. Market more focused on the possible end of Fed tightening cycle after recent Fed speeches. Chance of additional Fed hike down to 30%; US Treasuries sustain yesterday's rally
Market focused on implications of renewed geopolitical risk. Muted reaction so far. Fed speakers say they are mindful of the recent tightening in financial conditions
10th Oct 23, 7:40am
Market focused on implications of renewed geopolitical risk. Muted reaction so far. Fed speakers say they are mindful of the recent tightening in financial conditions
More economists are seeing a likelihood that the Reserve Bank will not start cutting the Official Cash Rate till 2025
9th Oct 23, 2:36pm
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More economists are seeing a likelihood that the Reserve Bank will not start cutting the Official Cash Rate till 2025
US nonfarm payrolls easily beat expectations resulting in significant moves across asset markets. They rose double the consensus estimate, with sizable upward revisions to previous months. US treasuries sold off aggressively following the data
9th Oct 23, 7:35am
US nonfarm payrolls easily beat expectations resulting in significant moves across asset markets. They rose double the consensus estimate, with sizable upward revisions to previous months. US treasuries sold off aggressively following the data
Markets stable ahead of US labour data. Oil down -14% from September highs. US initial jobless claims steady. Global bond markets take pause from the aggressive recent sell-off
6th Oct 23, 7:31am
Markets stable ahead of US labour data. Oil down -14% from September highs. US initial jobless claims steady. Global bond markets take pause from the aggressive recent sell-off
David Hargreaves says inflation data due to be released within two weeks will absolutely be crucial in deciding whether the Reserve Bank hikes interest rates again before Christmas
5th Oct 23, 9:21am
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David Hargreaves says inflation data due to be released within two weeks will absolutely be crucial in deciding whether the Reserve Bank hikes interest rates again before Christmas
Global bond yields pulled back from multi-year highs. The ADP estimate of US private non-farm payrolls lower than consensus estimates. Oil prices fell to the lowest level since early September
5th Oct 23, 7:50am
Global bond yields pulled back from multi-year highs. The ADP estimate of US private non-farm payrolls lower than consensus estimates. Oil prices fell to the lowest level since early September
The Monetary Policy Committee agreed that higher oil prices will add to inflation risk but interest rates are high enough for now
4th Oct 23, 2:37pm
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The Monetary Policy Committee agreed that higher oil prices will add to inflation risk but interest rates are high enough for now
Independent economic researchers Capital Economics say it is 'increasingly clear' monetary policy tightening is doing its work and the rate-hiking cycle is already over, with cuts coming next year
4th Oct 23, 11:21am
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Independent economic researchers Capital Economics say it is 'increasingly clear' monetary policy tightening is doing its work and the rate-hiking cycle is already over, with cuts coming next year
Stronger than expected US JOLTS report sends US 10-year rate up to fresh highs and pushes USD DXY index up to fresh YTD high; yen jittery
4th Oct 23, 7:54am
Stronger than expected US JOLTS report sends US 10-year rate up to fresh highs and pushes USD DXY index up to fresh YTD high; yen jittery
Economists are cheered by signs the Reserve Bank's monetary tightening is getting traction but caution that inflationary pressures are still strong
3rd Oct 23, 2:01pm
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Economists are cheered by signs the Reserve Bank's monetary tightening is getting traction but caution that inflationary pressures are still strong
The latest survey of business opinion from NZIER shows fewer firms are feeling negative
3rd Oct 23, 10:17am
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The latest survey of business opinion from NZIER shows fewer firms are feeling negative
Latest RBNZ figures show while overall non-performing loans climbed in August, household mortgage stress didn't get any worse
3rd Oct 23, 8:14am
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Latest RBNZ figures show while overall non-performing loans climbed in August, household mortgage stress didn't get any worse
Surprise weekend resolution to avoid US government shutdown and stronger than expected US ISM manufacturing survey add to upside pressure on rates. Fresh highs in yields and steeper curves; US 10-year rate cracks 4.7% before market finds support
3rd Oct 23, 7:48am
Surprise weekend resolution to avoid US government shutdown and stronger than expected US ISM manufacturing survey add to upside pressure on rates. Fresh highs in yields and steeper curves; US 10-year rate cracks 4.7% before market finds support