A long-term briefing insight document prepared by the Treasury says government should let the Reserve Bank respond to economic crises and only intervene where necessary

US jobless claims stay high, inflation expectations do too; US farm trade turns negative; the BofE cuts its policy rate; China subsidises personal loans; UST 10yr at 4.25%; gold rises but oil soft; NZ$1 = 59.5 USc; TWI-5 = 67.3

RBNZ survey has shown an easing in expectations of inflation - something that will cause the RBNZ comfort as it prepares for its next Official Cash Rate decision later in the month

Here are the key changes to know about in the New Zealand equity market; firm finish for NZX50: Kathmandu, Channel Infrastructure, SkyTV, and Heartland rise; Gentrack, Summerset, Fletcher, and Ryman Healthcare fall