OCR
Stronger than expected US retail sales data saw the market pare the scope for easier Fed policy and drove higher US Treasury yields. The AUD was supported after a strong labour market report
18th Oct 24, 7:41am
Stronger than expected US retail sales data saw the market pare the scope for easier Fed policy and drove higher US Treasury yields. The AUD was supported after a strong labour market report
US equities modestly higher after yesterday's dip. Soft NZ and UK CPI data drive the market to bring forward projected rate cuts for the RBNZ and BoE. Broad USD strength as the Trump trade continues
17th Oct 24, 7:43am
US equities modestly higher after yesterday's dip. Soft NZ and UK CPI data drive the market to bring forward projected rate cuts for the RBNZ and BoE. Broad USD strength as the Trump trade continues
Reserve Bank Assistant Governor Karen Silk says reversion to pre-covid funding conditions is under way and this will limit how far lending rates fall as banks seek to preserve their net interest margin
16th Oct 24, 1:44pm
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Reserve Bank Assistant Governor Karen Silk says reversion to pre-covid funding conditions is under way and this will limit how far lending rates fall as banks seek to preserve their net interest margin
The return of inflation well and truly into the 1% to 3% target range is most welcome news, but what does it say for the immediate path of interest rates and how quickly the economy can recover?
16th Oct 24, 11:55am
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The return of inflation well and truly into the 1% to 3% target range is most welcome news, but what does it say for the immediate path of interest rates and how quickly the economy can recover?
Oil prices fell after reports that Israel wouldn’t target Iran’s crude infrastructure. Lower oil prices have contributed to a pullback in global bond yields. Currency markets generally subdued
16th Oct 24, 7:46am
Oil prices fell after reports that Israel wouldn’t target Iran’s crude infrastructure. Lower oil prices have contributed to a pullback in global bond yields. Currency markets generally subdued
US equities continue their record-breaking run. Market reaction to the underwhelming weekend policy announcement by China well contained. Signs of a return to the Trump trade, with the USD broadly stronger
15th Oct 24, 7:58am
US equities continue their record-breaking run. Market reaction to the underwhelming weekend policy announcement by China well contained. Signs of a return to the Trump trade, with the USD broadly stronger
The S&P500 closed at another record high. US PPI data as expected. China's Finance Minister outlined plans to issue more debt to support the economy. Bond yields are modestly higher
14th Oct 24, 7:34am
The S&P500 closed at another record high. US PPI data as expected. China's Finance Minister outlined plans to issue more debt to support the economy. Bond yields are modestly higher
David Hargreaves assesses prospects for the September quarter CPI figures to be released this coming Wednesday, which should show inflation back under 3%. But could the figures still put a dampener on expectation of further fast interest rate falls?
13th Oct 24, 6:31am
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David Hargreaves assesses prospects for the September quarter CPI figures to be released this coming Wednesday, which should show inflation back under 3%. But could the figures still put a dampener on expectation of further fast interest rate falls?
US CPI data was higher than consensus estimates but had limited lasting market impact. Currency markets subdued overall. Chinese equities remain volatile
11th Oct 24, 7:45am
US CPI data was higher than consensus estimates but had limited lasting market impact. Currency markets subdued overall. Chinese equities remain volatile
US equity markets supported ahead of key inflation data with the S&P500 at a fresh record high. Chinese stocks fell 7% on uncertainty about stimulus measures. US Treasury yields moved higher supporting the US dollar
10th Oct 24, 7:55am
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US equity markets supported ahead of key inflation data with the S&P500 at a fresh record high. Chinese stocks fell 7% on uncertainty about stimulus measures. US Treasury yields moved higher supporting the US dollar
Inflation has been defeated and the Reserve Bank is moving swiftly to normalise interest rates
9th Oct 24, 6:21pm
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Inflation has been defeated and the Reserve Bank is moving swiftly to normalise interest rates
[updated]
Reserve Bank declares victory on inflation and delivers double whammy rate cut
9th Oct 24, 2:01pm
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Reserve Bank declares victory on inflation and delivers double whammy rate cut
Stocks in Hong Kong fell sharply after a key briefing from Chinese officials underwhelmed investors. Oil prices retraced from recent highs. Global bond and currency markets little changed overall
9th Oct 24, 7:43am
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Stocks in Hong Kong fell sharply after a key briefing from Chinese officials underwhelmed investors. Oil prices retraced from recent highs. Global bond and currency markets little changed overall
[updated]
Kiwibank jumps the gun and cuts its floating rate before the Reserve Bank OCR decision on Wednesday, confident its 50 basis points cut will be matched by the central bank
8th Oct 24, 2:00pm
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Kiwibank jumps the gun and cuts its floating rate before the Reserve Bank OCR decision on Wednesday, confident its 50 basis points cut will be matched by the central bank
10-year US treasuries have traded back above 4%, the highest level since August, as investors continue to recalibrate the outlook for monetary policy. Brent crude prices advanced above US$80
8th Oct 24, 7:44am
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10-year US treasuries have traded back above 4%, the highest level since August, as investors continue to recalibrate the outlook for monetary policy. Brent crude prices advanced above US$80
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate agree the OCR will be cut this week, but are mixed over whether it should be a 25-point or 50-point cut
7th Oct 24, 11:04am
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Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate agree the OCR will be cut this week, but are mixed over whether it should be a 25-point or 50-point cut
Stronger than expected US labour market data contributed to large moves across financial markets as investors recalibrated expectations for easing by the Federal Reserve. US treasury yields spiked higher led by the front end
7th Oct 24, 7:25am
Stronger than expected US labour market data contributed to large moves across financial markets as investors recalibrated expectations for easing by the Federal Reserve. US treasury yields spiked higher led by the front end
David Hargreaves previews the forthcoming Official Cash Rate review in which all the discussion centres around whether the RBNZ will be looking to use a pistol or a bazooka to bring down rates
6th Oct 24, 6:00am
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David Hargreaves previews the forthcoming Official Cash Rate review in which all the discussion centres around whether the RBNZ will be looking to use a pistol or a bazooka to bring down rates
The combination of higher oil prices and a strong US ISM services survey has driven US Treasury yields higher. The USD is broadly stronger and GBP is the weakest of the majors
4th Oct 24, 7:42am
The combination of higher oil prices and a strong US ISM services survey has driven US Treasury yields higher. The USD is broadly stronger and GBP is the weakest of the majors
With just four more business days until the next OCR decision, we look at what the wholesale money markets are signaling
3rd Oct 24, 9:54am
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With just four more business days until the next OCR decision, we look at what the wholesale money markets are signaling
Following yesterday’s volatile session, after Iran’s missile attack on Israel, markets are calmer as they await the next move. The yen is much weaker after dovish comments by Japan’s new PM and the BoJ Governor
3rd Oct 24, 7:41am
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Following yesterday’s volatile session, after Iran’s missile attack on Israel, markets are calmer as they await the next move. The yen is much weaker after dovish comments by Japan’s new PM and the BoJ Governor
[updated]
A weak result in the latest NZIER Quarterly Survey of Business Opinion has prompted economists to change their calls and forecast that the RBNZ will cut the Official Cash Rate by a massive 100 basis points before the end of the year
2nd Oct 24, 10:12am
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A weak result in the latest NZIER Quarterly Survey of Business Opinion has prompted economists to change their calls and forecast that the RBNZ will cut the Official Cash Rate by a massive 100 basis points before the end of the year
Geopolitical factors have outweighed economic data releases in their market impact overnight. Safe haven currencies have outperformed. The NZD is down nearly 1½% from this time yesterday
2nd Oct 24, 7:50am
Geopolitical factors have outweighed economic data releases in their market impact overnight. Safe haven currencies have outperformed. The NZD is down nearly 1½% from this time yesterday
Economists warn there is a rising risk of deflation if the Reserve Bank doesn’t cut interest rates fast enough
1st Oct 24, 3:31pm
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Economists warn there is a rising risk of deflation if the Reserve Bank doesn’t cut interest rates fast enough
China’s equity market continued to surge in the aftermath of last week’s policy stimulus announcement. The China trade has helped drive the NZD and AUD up to fresh highs for the year
1st Oct 24, 7:39am
China’s equity market continued to surge in the aftermath of last week’s policy stimulus announcement. The China trade has helped drive the NZD and AUD up to fresh highs for the year