BNZ now expects the RBNZ cash rate to peak at 5% (vs. 5.5% prior forecast)
<p>BNZ still forecast a 50 rate hike on February 22 from the Reserve Bank of New Zealand.</p><p>The revision to the terminal rate comes after the jobs data earlier:</p><ul><li><a href="https://www.forexlive.com/news/new-zealand-jobs-report-for-q4-2022-unemployment-rate-34-expected-33-20230131/" rel="follow" target="_self" class="article-link vertical-align-baseline">New Zealand jobs report for Q4 2022: Unemployment rate 3.4% (expected 3.3%)</a></li><li><a href="https://www.forexlive.com/news/nzdusd-drops-a-few-points-after-the-new-zealand-jobs-market-report-20230131/" rel="follow" target="_self" class="article-link">NZD/USD drops a few points after the New […]
Dallas Fed January service sector outlook -15.0 vs -19.8 prior
> Dallas Fed January service sector outlook -15.0 vs -19.8 prior Data from the Federal Reserve Bank of Dallas Adam Button Tuesday, 31/01/2023 | 15:31 GMT-0 31/01/2023 | 15:31 GMT-0 Prior was -19.8 Revenue index vs -0.6 prior ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING […]
NZ Dec. trade data: Exports NZD6.72bn (prior 6.68bn) & Imports NZD7.19bn (prior 8.54bn)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
Dallas Fed trimmed mean PCE price index +2.3% annualized in December vs +3.0% prior
One-month trimmed mean annualized +2.3% vs +3.0% prior 12-month PCE trimmed mean +4.4% vs +5.0% prior These one-month numbers have come down from 6.0% in August to near the Fed’s target. It will take more numbers like this with the help of lapping soft comps to get the Fed where it wants to be. Source […]
New Zealand January business confidence -52.0 (prior -70.2) Activity -15.8 (prior -25.6)
ANZ New Zealand Business Survey – ANZ remarks on the results: Business people appear to have come back from holiday in slightly better spirits. Some of the shock value of the November rate hike and talk of a “deliberately engineered” recession appears to have worn off, though most indicators remain at very subdued levels. The […]
RBNZ’s own CPI indicator 5.8% y/y (prior 5.6%) – this is its Sectoral Factor Model
> RBNZ’s own CPI indicator 5.8% y/y (prior 5.6%) – this is its Sectoral Factor Model Eamonn Sheridan Wednesday, 25/01/2023 | 02:03 GMT-0 25/01/2023 | 02:03 GMT-0 more to come The Reserve Bank of New Zealand Sector factor model. Says the Bank of its own model:We created the sectoral factor model. It estimates the common […]
SNB total sight deposits w.e. 13 January CHF 536.2 bn vs CHF 533.5 bn prior
Domestic sight deposits CHF 511.5 bn vs CHF 487.3 bn prior A slight rise in overall sight deposits in the past week, sort of bucking the trend a little as the SNB is still smoothing things out while surreptitiously making tweaks to maintain policy effectiveness. ADVERTISEMENT – CONTINUE READING BELOW Source link
New Zealand commodity price index for December -0.1% m/m (prior -3.9%)
ANZ World Commodity Price Index data. Down 0.1% m/m in December vs. down 3.9% in November In NZD terms down 3.8% (NZD rose 2.1% against its Trade Weighted Index) — In y/y terms down 11.4% in December November was down 11.5% y/y — As part of its report ANZ look at global shipping rates, which […]