Discover and read the best of Twitter Threads about #NZD
Most recents (3)
Citibank 1/5: Week Ahead – key data/ events:
#USD: Retail Sales – Citi: 6.3%, median: 5.4%, prior: -3.0%; Retail Sales ex Auto – Citi: 4.9%, median: 4.8%, prior: -2.7%; Retail Sales ex Auto, Gas – Citi: 4.9%, median: 6.3%, prior: -3.3%; Retail Sales Control Group – Citi: 4.7%
#USD: Retail Sales – Citi: 6.3%, median: 5.4%, prior: -3.0%; Retail Sales ex Auto – Citi: 4.9%, median: 4.8%, prior: -2.7%; Retail Sales ex Auto, Gas – Citi: 4.9%, median: 6.3%, prior: -3.3%; Retail Sales Control Group – Citi: 4.7%
Citibank 2/5: median: 6.9%, prior: -3.5% - Citi analysts expect a strong rebound in retails in March with upside risks seen for many components in the retail control group. This could also help keep prices for various goods elevated after increases over the last year.
Citibank 3/5: #NZD: RBNZ meeting: Citi cash rate forecast; +25bp, Previous; +25bp – the MPC will likely continue to convey a dovish message given the unexpected negative Q4 2020 GDP result of -1.0% is a reminder that the path to complete recovery is not linear.
Citibank 1/11: Week Ahead – key data/ events:
#USD: CPI MoM – Citi: 0.6%, median: 0.5%, prior: 0.4%; CPI YoY – Citi: 2.7%, median: 2.5%, prior: 1.7%; PI ex Food, Energy MoM – Citi: 0.2%, median: 0.2%, prior: 0.1%; CPI ex Food, Energy YoY – Citi: 1.6%, median: 1.5%, prior: 1.3%
#USD: CPI MoM – Citi: 0.6%, median: 0.5%, prior: 0.4%; CPI YoY – Citi: 2.7%, median: 2.5%, prior: 1.7%; PI ex Food, Energy MoM – Citi: 0.2%, median: 0.2%, prior: 0.1%; CPI ex Food, Energy YoY – Citi: 1.6%, median: 1.5%, prior: 1.3%
Citibank 2/11: - Citi analysts expect a solid increase of 0.23%MoM in core CPI in March with upside risk for many components. The team expects March to show the start of price gains for a number of components that have been held down by soft demand.
Citibank 3/11: Retail Sales – Citi: 6.3%, median: 5.4%, prior: -3.0%; Retail Sales ex Auto – Citi: 4.9%, median: 4.8%, prior: -2.7%; Retail Sales ex Auto, Gas – Citi: 4.9%, median: 6.3%, prior: -3.3%; Retail Sales Control Group – Citi: 4.7%, median: 6.9%, prior: -3.5% -
MUFG 1/7: #NZD: #RBNZ responds to building housing market risks.
Policy developments in New Zealand have attracted market attention overnight after the #RBNZ tightened macro-prudential policy in an attempt to dampen building risks in the domestic housing market.
Policy developments in New Zealand have attracted market attention overnight after the #RBNZ tightened macro-prudential policy in an attempt to dampen building risks in the domestic housing market.
MUFG 2/7: The #RBNZ has stated that it will reinstate mortgage lending restrictions on 1st March & tighten them further for investors from 1st May.
The re-introduced lending restrictions mean that most owner-occupiers will need a 20% deposit to get a mortgage, while investor
The re-introduced lending restrictions mean that most owner-occupiers will need a 20% deposit to get a mortgage, while investor
MUFG 3/7: will need 30%. From 1st May, the
required down-payment for investors will rise to 40%.
RBNZ Deputy Governor Geoff Bascand warned that “a growing number of highly indebted borrowers, especially investors, are now financially vulnerable to house price corrections and
required down-payment for investors will rise to 40%.
RBNZ Deputy Governor Geoff Bascand warned that “a growing number of highly indebted borrowers, especially investors, are now financially vulnerable to house price corrections and
