OCR
Market watching the clock, with fresh wave of US import tariffs tariffs due 4 March, US time. US ISM manufacturing survey disappoints. European equities stronger and rates higher on more defence spending in the region; European currencies outperform
4th Mar 25, 7:47am
Market watching the clock, with fresh wave of US import tariffs tariffs due 4 March, US time. US ISM manufacturing survey disappoints. European equities stronger and rates higher on more defence spending in the region; European currencies outperform
The financial market has increased expectations for a US Fed easing. The 2-year treasury yields dipped below 4% for the first time since October, declining after soft consumption data
3rd Mar 25, 7:24am
The financial market has increased expectations for a US Fed easing. The 2-year treasury yields dipped below 4% for the first time since October, declining after soft consumption data
The Reserve Bank is clearing the way for further interest rate falls, which should spark the economy again. But when and how quickly? David Hargreaves has a look at how things are tracking
2nd Mar 25, 6:30am
19
The Reserve Bank is clearing the way for further interest rate falls, which should spark the economy again. But when and how quickly? David Hargreaves has a look at how things are tracking
Trump to push ahead with tariffs on Canada and Mexico, an additional 10% tariff to be imposed on Chinese imports. USD broadly stronger on that news; weaker yuan spills over into the NZD and AUD
28th Feb 25, 7:54am
Trump to push ahead with tariffs on Canada and Mexico, an additional 10% tariff to be imposed on Chinese imports. USD broadly stronger on that news; weaker yuan spills over into the NZD and AUD
Trump pushed out the start date for Mexico and Canada tariffs to 2 April, says tariffs on products from the EU like autos and "other things" will be 25%. US equities recover after recent fall. US 10-year Treasury rate pushes down to a fresh 2025 low
27th Feb 25, 7:44am
Trump pushed out the start date for Mexico and Canada tariffs to 2 April, says tariffs on products from the EU like autos and "other things" will be 25%. US equities recover after recent fall. US 10-year Treasury rate pushes down to a fresh 2025 low
Capital Economics revises down its forecast for the NZ dollar this year and sticks to its view the Reserve Bank will need to cut the OCR further than currently expected
26th Feb 25, 9:51am
24
Capital Economics revises down its forecast for the NZ dollar this year and sticks to its view the Reserve Bank will need to cut the OCR further than currently expected
US equities down for a fourth consecutive day, US Treasury yields down for a fifth day, with the 10-year rate down 10bps and probing fresh 2025 lows, all on increased policy uncertainty. Safe haven currencies higher, commodity currencies underperform
26th Feb 25, 7:53am
US equities down for a fourth consecutive day, US Treasury yields down for a fifth day, with the 10-year rate down 10bps and probing fresh 2025 lows, all on increased policy uncertainty. Safe haven currencies higher, commodity currencies underperform
More mortgage rate cuts by more banks shifts who has the lowest rates, as banks jockey for position in a very competitive marketplace because new loan growth is quite limited
25th Feb 25, 8:42am
40
More mortgage rate cuts by more banks shifts who has the lowest rates, as banks jockey for position in a very competitive marketplace because new loan growth is quite limited
Initial gains for US equities fade after the Dallas Fed manufacturing index undershot expectations. 10-year treasury yields return to the bottom of the 2025 range at 4.39%
25th Feb 25, 7:38am
Initial gains for US equities fade after the Dallas Fed manufacturing index undershot expectations. 10-year treasury yields return to the bottom of the 2025 range at 4.39%
[updated]
ASB matches the new lower ANZ two year mortgage rates, and launches a low one year fixed rate (although not as low as Kiwibank). Now Westpac has cut too
24th Feb 25, 8:46am
35
ASB matches the new lower ANZ two year mortgage rates, and launches a low one year fixed rate (although not as low as Kiwibank). Now Westpac has cut too
Weak US services PMI contributed to a rise in risk aversion and a sharp fall in US equities. US treasury yields tumble. Brent crude prices drop 3% to near US$74 per barrel
24th Feb 25, 7:30am
Weak US services PMI contributed to a rise in risk aversion and a sharp fall in US equities. US treasury yields tumble. Brent crude prices drop 3% to near US$74 per barrel
Kiwibank has jumped to the head of the queue with its latest fixed home loan offers, targeting the most popular terms at the short end
21st Feb 25, 10:31am
23
Kiwibank has jumped to the head of the queue with its latest fixed home loan offers, targeting the most popular terms at the short end
Equity markets are weaker, retreating from recent record highs. UST yields slip. USD broadly weaker. Commodity currencies get a boost on trade deal talk. JPY outperforms as JGB yields rise to fresh highs
21st Feb 25, 7:49am
Equity markets are weaker, retreating from recent record highs. UST yields slip. USD broadly weaker. Commodity currencies get a boost on trade deal talk. JPY outperforms as JGB yields rise to fresh highs
The Reserve Bank will cut the Official Cash Rate more quickly than expected as it predicts a rapid return to economic equilibrium
20th Feb 25, 8:00am
48
The Reserve Bank will cut the Official Cash Rate more quickly than expected as it predicts a rapid return to economic equilibrium
European equities retraced from record high after hawkish comments by an ECB official. European bond yields move higher. Trade tensions stay in focus. Trump said he would impose tariffs on cars, semi-conductors and pharmaceutical imports
20th Feb 25, 7:46am
European equities retraced from record high after hawkish comments by an ECB official. European bond yields move higher. Trade tensions stay in focus. Trump said he would impose tariffs on cars, semi-conductors and pharmaceutical imports
The Red Bank pulls away from its sub 5% rate offer, but ANZ then jumped in with a 4.99% two year fixed carded offer
19th Feb 25, 3:07pm
49
The Red Bank pulls away from its sub 5% rate offer, but ANZ then jumped in with a 4.99% two year fixed carded offer
[updated]
Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
19th Feb 25, 2:14pm
90
Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
Weaker US homebuilder sentiment, an uplift in UK wage inflation, and an upward surprise in core Canadian CPI inflation. RBA kicks off easing cycle with 25bps cut. The cautious policy outlook was also not particularly surprising
19th Feb 25, 7:42am
2
Weaker US homebuilder sentiment, an uplift in UK wage inflation, and an upward surprise in core Canadian CPI inflation. RBA kicks off easing cycle with 25bps cut. The cautious policy outlook was also not particularly surprising
Reserve Bank of Australia cuts its cash rate by 25 basis points to 4.1% citing progress on getting inflation down towards its target range
18th Feb 25, 4:32pm
9
Reserve Bank of Australia cuts its cash rate by 25 basis points to 4.1% citing progress on getting inflation down towards its target range
The latest quarterly Household Expectations Survey for the Reserve Bank finds that households reckon the inflation rate will be 4.9% in a year and they don't see it being within the 1% to 3% target range over the next five years
18th Feb 25, 3:43pm
43
The latest quarterly Household Expectations Survey for the Reserve Bank finds that households reckon the inflation rate will be 4.9% in a year and they don't see it being within the 1% to 3% target range over the next five years
[updated]
TSB shines with a pre-RBNZ rate drop for fixed home loan rates, with their one year rate at a market leading level not seen since May 2023 from any other bank
18th Feb 25, 8:43am
13
TSB shines with a pre-RBNZ rate drop for fixed home loan rates, with their one year rate at a market leading level not seen since May 2023 from any other bank
European equities rise to a fresh record highs. President Xi meets with Chinese IT leaders, a strong signal of a turnaround from his crackdown on the sector. RBA widely expected to kick-start easing cycle later this afternoon
18th Feb 25, 7:19am
European equities rise to a fresh record highs. President Xi meets with Chinese IT leaders, a strong signal of a turnaround from his crackdown on the sector. RBA widely expected to kick-start easing cycle later this afternoon
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next
17th Feb 25, 11:47am
16
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next
US retail sales significantly weaker than expected. This data contributed to lower US Treasury yields and weighed on the US dollar. NZD/USD traded back above 57 USc and to its highest level since December
17th Feb 25, 7:22am
1
US retail sales significantly weaker than expected. This data contributed to lower US Treasury yields and weighed on the US dollar. NZD/USD traded back above 57 USc and to its highest level since December
A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts
16th Feb 25, 6:30am
92
A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts