OCR
Ukraine war negotiation talk supports risk sentiment. Higher than expected US PPI data but weak components that feed into PCE deflator; US Treasuries rally, reversing some of previous day's move
14th Feb 25, 7:44am
Ukraine war negotiation talk supports risk sentiment. Higher than expected US PPI data but weak components that feed into PCE deflator; US Treasuries rally, reversing some of previous day's move
[updated]
Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week
13th Feb 25, 3:24pm
40
Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week
Much stronger US CPI data drive US rates up; just one Fed rate cut this year now priced in. Stronger USD post CPI reverse course. NZD recovers
13th Feb 25, 7:50am
3
Much stronger US CPI data drive US rates up; just one Fed rate cut this year now priced in. Stronger USD post CPI reverse course. NZD recovers
ASB cuts its fixed mortgage rates to market lows, and cuts term deposit rates even harder, in moves much larger than wholesale rate changes
12th Feb 25, 8:29am
109
ASB cuts its fixed mortgage rates to market lows, and cuts term deposit rates even harder, in moves much larger than wholesale rate changes
Powell reiterates the Fed in no hurry to cut interest rates in his semi-annual Senate Testimony. Little impact on market pricing for Fed policy. EU says it will respond to any tariffs the US might impose on it
12th Feb 25, 7:55am
Powell reiterates the Fed in no hurry to cut interest rates in his semi-annual Senate Testimony. Little impact on market pricing for Fed policy. EU says it will respond to any tariffs the US might impose on it
Global equity markets advanced in the absence of economic data or other catalysts. Investors look ahead to key US inflation data and Powell’s Congress testimony. Gold prices hit a record high above US$2900 per troy ounce
11th Feb 25, 9:13am
Global equity markets advanced in the absence of economic data or other catalysts. Investors look ahead to key US inflation data and Powell’s Congress testimony. Gold prices hit a record high above US$2900 per troy ounce
[updated]
The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say
10th Feb 25, 1:35pm
65
The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say
Resilient US labour market data support the Fed's caution on further policy easing. US consumer inflation expectations rise to highest level since 2008. Fed easing expectations pared. US treasury yields higher supporting the USD
10th Feb 25, 7:32am
Resilient US labour market data support the Fed's caution on further policy easing. US consumer inflation expectations rise to highest level since 2008. Fed easing expectations pared. US treasury yields higher supporting the USD
BoE cuts policy rate by 25bps to 4.5%. US 10-year rate up modestly overnight but down from NZ close pre-Waitangi Day. Treasury Secretary Bessent targets lower 10-year rate; US ISM services survey underwhelms
7th Feb 25, 7:47am
BoE cuts policy rate by 25bps to 4.5%. US 10-year rate up modestly overnight but down from NZ close pre-Waitangi Day. Treasury Secretary Bessent targets lower 10-year rate; US ISM services survey underwhelms
The decision by many homeowners to position themselves for expected interest rate cuts will see an average of over $30b a month worth of mortgages need refixing in the first six months of this year
6th Feb 25, 6:00am
112
The decision by many homeowners to position themselves for expected interest rate cuts will see an average of over $30b a month worth of mortgages need refixing in the first six months of this year
Westpac surprises the home loan market with a big cut to its fixed three year rate, taking it below 5% to the lowest any mortgage rate has been in 27 months
5th Feb 25, 3:09pm
76
Westpac surprises the home loan market with a big cut to its fixed three year rate, taking it below 5% to the lowest any mortgage rate has been in 27 months
[updated]
New Zealand's unemployment rate rises to 5.1% as 32,000 workers drop out of the labour force
5th Feb 25, 10:58am
159
New Zealand's unemployment rate rises to 5.1% as 32,000 workers drop out of the labour force
[updated]
Kiwibank makes another small home loan rate cut, possibly to be followed by another major bank. But the mortgage markets now await the RBNZ's OCR review, to be followed by a massive refixing surge
5th Feb 25, 9:26am
13
Kiwibank makes another small home loan rate cut, possibly to be followed by another major bank. But the mortgage markets now await the RBNZ's OCR review, to be followed by a massive refixing surge
Investor risk appetite has recovered after news of delayed tariff implementation on Mexico and Canada. China retaliated but the scope was limited. US job openings fell to a three-month low in December
5th Feb 25, 7:55am
2
Investor risk appetite has recovered after news of delayed tariff implementation on Mexico and Canada. China retaliated but the scope was limited. US job openings fell to a three-month low in December
Large fallout from Trump tariffs pared back after delay for Mexico announced. Less reaction in the rates market due to offsetting forces; UST curves show mild flattening. NZ rates show notable fall
4th Feb 25, 7:44am
1
Large fallout from Trump tariffs pared back after delay for Mexico announced. Less reaction in the rates market due to offsetting forces; UST curves show mild flattening. NZ rates show notable fall
Stats NZ says high interest payments on mortgages continue to contribute 'significantly' to living costs
3rd Feb 25, 11:36am
14
Stats NZ says high interest payments on mortgages continue to contribute 'significantly' to living costs
ASB tweaks its mortgage rate card lower, although the shifts are minor and may indicate the main banks are struggling to justify home loan pricing at this level
3rd Feb 25, 10:46am
74
ASB tweaks its mortgage rate card lower, although the shifts are minor and may indicate the main banks are struggling to justify home loan pricing at this level
Despite the whipsaw price action, absolute moves against the USD were modest for most G10 currencies
Volatile end to the trading week as confusion over US trade policy roiled markets. US dollar ended stronger. The S&P reversed initial gains to close lower
3rd Feb 25, 7:25am
Volatile end to the trading week as confusion over US trade policy roiled markets. US dollar ended stronger. The S&P reversed initial gains to close lower
Labour market figures to be released in the coming week, could show unemployment hitting 5% for the first time since a brief spike during the pandemic, but David Hargreaves says with interest rates now coming down employment levels may start to settle
2nd Feb 25, 6:30am
123
Labour market figures to be released in the coming week, could show unemployment hitting 5% for the first time since a brief spike during the pandemic, but David Hargreaves says with interest rates now coming down employment levels may start to settle
US economy grew at a 2.3% in Q4 driven by strong consumer spending. Eurozone growth was flat in Q4. ECB cut rates and signalled more easing ahead. Gold prices reached an all time high
31st Jan 25, 7:45am
US economy grew at a 2.3% in Q4 driven by strong consumer spending. Eurozone growth was flat in Q4. ECB cut rates and signalled more easing ahead. Gold prices reached an all time high
RBNZ chief economist Paul Conway sees dominance of the 'traditional drivers of growth' in the New Zealand economy coming to an end
30th Jan 25, 10:01am
108
RBNZ chief economist Paul Conway sees dominance of the 'traditional drivers of growth' in the New Zealand economy coming to an end
Banks are now super-sensitive to customer reactions when they have what is perceived as an uncompetitive mortgage rate card, and are moving quickly to hold their positions
30th Jan 25, 8:01am
19
Banks are now super-sensitive to customer reactions when they have what is perceived as an uncompetitive mortgage rate card, and are moving quickly to hold their positions
Global asset markets in holding pattern ahead of the FOMC. Bank of Canada cuts rates by 25bp. Australian Q4 CPI softer than expected increasing the chance for a RBA rate cut in February
30th Jan 25, 7:40am
Global asset markets in holding pattern ahead of the FOMC. Bank of Canada cuts rates by 25bp. Australian Q4 CPI softer than expected increasing the chance for a RBA rate cut in February
RBNZ chief economist Paul Conway says the central bank will have to 'feel its way' as the OCR gets closer to its estimate of neutral and he doesn't see a return to 'ultra-low' rates seen during the early stages of the pandemic any time soon
29th Jan 25, 12:26pm
96
RBNZ chief economist Paul Conway says the central bank will have to 'feel its way' as the OCR gets closer to its estimate of neutral and he doesn't see a return to 'ultra-low' rates seen during the early stages of the pandemic any time soon
US technology stocks stabilised after significant downgrade. Safe haven bid for US treasuries fades with yields modestly higher across the curve. USD consolidates after tariffs threat gains
29th Jan 25, 7:52am
US technology stocks stabilised after significant downgrade. Safe haven bid for US treasuries fades with yields modestly higher across the curve. USD consolidates after tariffs threat gains