New Zealand: RBNZ Dials Down Its Hawkish Tone – UOB Group

The Reserve Bank of New Zealand (RBNZ) has decided to leave its official cash rate (OCR) unchanged at 5.50% in Jul for an eighth straight meeting. The RBNZ’s tone was a lot less hawkish than in May, UOB Group economist Lee Sue Ann notes.

FXStreetJul 11 05:31 ET

New Zealand Food Prices Decline in 12 Months to June

New Zealand's food prices declined 0.3% in the 12 months ended June, the first since the 12 months to August 2018, driven by a decline in tomatoes, cheese, and potatoes, Stats NZ said in its selected price indexes report released Thursday.

MT NewswiresJul 10 20:13 ET

New Zealand Central Bank Dials Down Hawkish Tone -- Market Talk

Eyes will be on New Zealand CPI data after the central bank struck a more dovish tone earlier, fueling talk of rate cuts.

WSJJul 10 05:21 ET

New Zealand's Central Bank Softens Guidance in Dovish Surprise -- Market Talk

0752 GMT - New Zealand's central bank delivered a dovish surprise at its meeting earlier, bringing the prospect of rate cuts into sharper focus, Nomura analysts say. RBNZ stood pat, but said restrictive monetary policy has "significantly" cooled inflation, which it expects to return to target in 2H.

WSJJul 10 03:52 ET

New Zealand Shares Rise 0.8% as RBNZ Holds Rates -- Market Talk

New Zealand's NZX-50 rose 0.8% to 11943.22, hitting its highest closing level in almost five weeks as the country's central bank signaled that inflationary pressures are starting to ease.

WSJJul 10 01:11 ET

Reserve Bank of New Zealand Maintains 5.5% Official Cash Rate as Inflation Nears Target

The Reserve Bank of New Zealand maintained the official cash rate at 5.5% in its recent policy meeting as the central bank expects headline inflation to return to the 1% to 3% target by the second half of the year.

MT NewswiresJul 9 22:42 ET