6NMAIN New Zealand Dollar Futures(SEP4)
- 0.58865
- -0.00040-0.07%
New Zealand Dollar Futures(SEP4) News
New Zealand Residential Mortgage Value Falls in June
New Zealand Greenhouse Gas Emissions Fall 2.7% in March Quarter; Household Emissions Rise 0.6%
New Zealand Logs Trade Surplus in June as Exports Slip 0.1%, Imports Fall 13%
New Zealand: 2Q24 Inflation Eases Faster Than Expected – UOB Group
New Zealand Shares End Roughly Flat; Warehouse Leaps -- Market Talk
New Zealand's Credit Card Spending Falls 0.7% in June; Credit Card Balances Rise 0.1%
Mixed CPI Data Dims Speculation Of RBNZ Rate Cut
New Zealand Inflation Paves Way for August Rate Cut -- Market Talk
RBNZ Sectoral Factor Inflation Model Rises 3.6% YoY in Q2 2024
RBNZ Now Likely to Cut Rates in August, RBC Says -- Market Talk
ANZ Bank: Reserve Bank of New Zealand expected to cut interest rates in November.
On July 17th, Guolonghui | ANZ Bank's New Zealand economist revised the forecast for the Reserve Bank of New Zealand's interest rates. They now expect the first rate cut to occur in November of this year, rather than February 2025. ANZ Bank said they believe the risk balance surrounding this issue leans towards earlier (October) rather than later. In addition, they expect rates to be steadily reduced by 25 basis points at each meeting, with a final rate of 3.5%. In addition to the Reserve Bank of New Zealand acknowledging the downside risks to economic activity last week, today's second quarter inflation report "should ease the bank's concerns about upward inflation risks domestically in May".
New Zealand's Annual Consumer Inflation Cools to 3.3% in the 12 Months to June Quarter
Express News | Analyst: Weak inflation will bring downward pressure on New Zealand's yields.
Express News | The slowdown in inflation in New Zealand in the second quarter exceeded expectations.
New Zealand dollar rose in the short term as the second quarter CPI growth was lower than expected.
On July 17th, Guoerluanhui reported that New Zealand's CPI increased by 0.4% quarter-on-quarter in the second quarter, which is lower than the analysts' expected increase of 0.5%. New Zealand's CPI increased by 3.3% year-on-year in the second quarter, with an expected increase of 3.4%. The New Zealand dollar rose more than 20 points against the US dollar in the short term to 0.6065, with an overall increase of about 0.2% during the day.
New Zealand CPI Inflation Drops to 0.4% QoQ in Q2 Vs. 0.6% Expected
New Zealand 2Q Inflation Softens More Than Expected
Two Triggers for the RBNZ to Cut Rates in August -- Market Talk
Analyst: New Zealand's second quarter inflation rate may slow to 3.5% on an annual basis.
According to analysts, the CPI report for New Zealand on July 16th is likely to show further slowdown in inflation in the second quarter of 2024. The CPI is expected to increase by 0.6% quarter-on-quarter, the same as the first quarter. The annual inflation rate is expected to drop from 4.0% in the previous quarter to 3.5%, slightly lower than the Reserve Bank of New Zealand's forecast of 3.6% in May. The inflation data in the second quarter will affect the Reserve Bank of New Zealand's thinking at the next policy meeting in August. Given that increasing evidence suggests that economic activity is slowing and spare capacity is increasing, policy easing may be prompted if the economy unexpectedly takes a downturn.
New Zealand Inflation Data May Back Case for Easing -- Market Talk