Podcasts about rbnz

The Finance Minister's revealed top-level legal advice was sought over the Reserve Bank's battle with Treasury for funding. The bank received less money than it anticipated in the latest funding round - which prompted Adrian Orr to quit as Governor. NZ Herald Wellington business editor Jenee Tibshraeny unpacks the issue further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

It's hardly a surprise, is it? Adrian looks at what Nicola is offering to run the place, packs a sad, and is off. It's a pathetic end to a tumultuous period in which we, the people who paid him, deserved an awful lot better. The fact this information on the Orr resignation had to be dragged out of the bank by way of the Official Information Act, the rules of which were ignored as the bank failed to meet deadlines, shows you just what sort of place we are dealing with. How you conduct yourself is critical. It's critical to all of us and even more critical the further up the totem pole you are. There's nothing wrong with Adrian quitting if he genuinely believed the money being offered to run the bank wasn't enough. But you do it with some dignity. You quit, you serve out your period, you offer reasons for you quitting and you move on with life. In doing it that way you give us all an insight into what sort of human being you are. And in this case, you might well have been able to give us insight into how your organisation runs, what its thinking is, what the gap is between the bank and the Government and why you might be right, and they might be wrong. It doesn't have to turn into a scrap or a fallout. Just a series of adult ideas as to why people might see things at odds to each other. If Covid taught us nothing else, it taught us the critical role of a central bank and what sort of people run it. The way Adrian ran it is well documented and the general view held by many is widely traversed. But the sudden departure was another insight into why Adrian did things the way he did. He is petulant. You don't leave out of the blue and in silence. You don't bail on hosting an international finance conference having said you were looking forward to it. It's toys and sandpits with Adrian and then obfuscation from the bank when a few simple questions were asked. If you can't conduct yourself, and the bank can't conduct themselves, with any great level of clarity, transparency and professionalism, is it any wonder the economy got run over the way it did? Ol' Adrian won't be missed. But you would have hoped for something a bit more sophisticated on the way out. See omnystudio.com/listener for privacy information.

A former Reserve Bank economist is calling out his former employers' lack of transparency. The bank today revealed Adrian Orr quit as Governor in March, when the five-year funding for the RBNZ was much less than anticipated. Michael Reddell says the bank waited far too long to say why Orr left so abruptly. "It's just extraordinary - maybe they couldn't tell us the full story on the day, but the new Reserve Bank funding agreement was published on the 16th of April. There's absolutely no excuse at this point for lack of clarity." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Call me superficial, but to watch the Reserve Bank heavyweights lined up, as I did Wednesday post their cash rate decision, I did not see dynamism. These people outwardly do not fill you with any sense of excitement. The Reserve Bank is in a spot and, as a result, so are we as a country. A couple of semi-interesting things happened and also one very interesting thing. They voted 5 to 1 to cut. They don't vote that often. They also offered alternative scenarios, which they haven't done for five years. Alternative scenarios are not a good sign. If you have enough of them, you are literally making stuff up. Anyone can drum up alternative scenarios. What I want to hear more of from experts is what is actually going on. The important stuff is they have no bias on further cuts. A lot of people thought we would get a cut yesterday, followed by one, possibly two, more. The so-called "neutral rate", that's the cash rate settling at 2.75% or 2.5% – that now seems to be off the table. Why? They argue inflation, which is what drives them. That's their mandate. The trouble with that is inflation is only just in the band. It's heading more towards the top of the band and here is the really big part – growth, or large dollops of growth, are not driving this inflation. We are barely growing, if growing at all. Yet inflation is still a thing. That's not good for an economy and it's not good for the Government. The Government, namely Willis and Luxon, leap, and have leapt, on each announcement talking about the money coming back into the economy as the interest rates drop. If the bank isn't cutting, then rates aren't dropping, and we aren't spending or feeling remotely bullish. The Reserve Bank doesn't care that much because they are fixated on inflation, whether it's driven by factors beyond our control —like insurance, shipping or councils— or growth. Yes, we had growth in Q1. It was quite good growth too. The live GDP tracker has Q2 up a bit, but not much. But it has annual numbers negative and inflation trending up. What we need is help. We are in a quagmire we need to extricate ourselves from. The Reserve Bank doesn't look like they are that interested. See omnystudio.com/listener for privacy information.

The Reserve Bank cut the Official Cash Rate this week, as expected, but one of the six members of the bank's rate setting committee voted to hold the OCR. That surprised markets and pushed up the wholesale interest rates that drive fixed mortgage rates. Bernard Hickey speaks with Kiwibank's Mary Jo Vergara about a very uncertain outlook for rates in the wake of Donald Trump's Liberation Day shock. Learn more about your ad choices. Visit megaphone.fm/adchoices

A new face is coming to New Zealand's coins. An image of King Charles has officially been approved to feature on the 10 cent coin from 2027. 2024 will be stamped on the currency – the year the Reserve Bank ordered them. A koruru image will remain on the reverse side, as it has since 1967. Ian Woolford, Director of Money and Cash at the Reserve Bank, told Mike Hosking it's taken so long as they already have quite a big inventory of coins and bank notes. He says 10 cent coins are the ones they need to stock up on, which is why they're the first cab off the rank. LISTEN ABOVE See omnystudio.com/listener for privacy information.

New Zealand has been on a more aggressive monetary policy path, having pushed rates high enough to create a recession, then cut them again after starting its easing cycle in August lowering the OCR by 225 points including another 25 basis points today, making the RBNZ one of the most aggressive rate cutters among its … Continue reading "Kiwis Get Another Rate Cut: But Will Home Prices Respond?"

European bourses opened mixed but now in the red, US futures also lower ahead of NVIDIA results.USD is fractionally extending on Tuesday's upside, Kiwi leads after RBNZ delivers a hawkish cut.40yr JGB auction weighs, awaiting US supply & FOMC Minutes.Energy markets await JMMC/OPEC+; Metals tread water.US President Trump says Canada joining the Golden Dome is free if they are the 51st State, adding "They are considering the offer!".Looking ahead, US Richmond Fed Index, FOMC Minutes, OPEC+/JMMC, Speakers including BoE's Pill, Supply from the US, Earnings from NVIDIA, Salesforce, Abercrombie & Macy's.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

On the Mike Hosking Breakfast Full Show Podcast for Thursday 29th of May, the Reserve Bank made the decision to cut the OCR by 25 basis points, but did we get any sort of clear direction for the future? Acting Governor Christian Hawkesby is on the show. The Prime Minister has recovered from his illness and is on the program to give his reaction to the OCR announcement and the public service leaks. We love Tami Nielson, so when she has a new NZ tour to announce, a new single, a new album coming soon, and multiple NZ Music Awards nominations, we had to get her on for a chat. Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Don't bank on further cuts to the Official Cash Rate. The Reserve Bank's dropped the OCR 25 basis points to 3.25%, and is now forecasting it could reach a low of 2.9% by the end of the year. But Governor Christian Hawkesby says further cuts aren't guaranteed. He told Mike Hosking they're taking things one step at a time, as they wait to see how global developments affect the economy and inflation. Hawkesby says the OCR is now close to "neutral" and the Reserve Bank's next move won't be pre-programmed, it will depend on how things unfold. LISTEN ABOVE See omnystudio.com/listener for privacy information.

THE BEST BITS IN A SILLIER PACKAGE (from Thursday's Mike Hosking Breakfast) Can We Get a Bit More Ooomph?/Powering Up Chippie/Running and Rolling/Overnight CoffeeSee omnystudio.com/listener for privacy information.

A lack of consensus at the Reserve Bank on yesterday's cut to the OCR reflects the global economic uncertainty. The Monetary Policy Committee has dropped the cash rate 25-basis points to 3.25%, and now expects to reach a 2.9% low-point in December. However, further cuts are uncertain, with the bank adopting a watch and wait approach. ASB Chief Economist Nick Tuffley told Ryan Bridge they still believe we'll get another cut next month, but it's uncertain how far the Bank will go. He says it's possible we will pause at some point. LISTEN ABOVE See omnystudio.com/listener for privacy information.

US stocks track down with all eyes on Nvidia results due today. Treasury yields rise as traders eye more supply. The Reserve Bank of New Zealand cuts as expected, and lowers its rate track - although one dissenter wanted a hold. And disinflation progress has stalled in Australia. In our deep-dive interview, ANZ New Zealand Chief Economist Sharon Zollner says the RBNZ's 5-to-1 vote yesterday indicates New Zealand's rate setting committee may be nearing a turning point. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The ASX 200 limped along to close down 11 points at 8397 as a Japanese bond auction underwhelmed, and CPI came in a little hotter than expected. Blame eggs. Banks went a little squishy, with CBA falling 0.9% and the Big Bank Basket down to $271.48 (-0.9%). Insurers also fell with QBE off 1.6%. Other financials were mixed, XYZ rose 4.9% on better US consumer sentiment and bitcoin. REITs are better today, GMG is up 0.9%, and SCG is rising, Industrials started well but fizzled, WES is down 0.1%, and retail is falling slightly. Tech was better following US tech, and the All-Tech Index was up 1.3% with WTC up 0.4%. REA bounced 1.9% after its fall yesterday on ACCC News, and TLS slid 0.2% on some broker downgrades. Resources are under a little pressure, RIO off 0.9% and lithium stocks down, MIN downgraded guidance again, down 5.5% with gold miners a little mixed, NST off 0.8% and RMS up 1.1%. MAC rose 20.4% as it got the Harmony bid, uranium was a little mixed, BOE was off %, and LOT was up 5.1%. WDS jumped 3.2% on NW Shelf news, and finally, STO is up 1.9%. Coal stocks also rallied, WHC up 2.7%. In corporate news, WEB jumped 12.4% on much better than expected results, ALQ fell 7.6% after completing its capital raise, IFT disappointed, and FPH fell 4.8% despite a 43% jump in revenues. On the economic front, CPI was unchanged at 2.4%, the RBNZ cut rates again by 25bps. 10-year yields rose to 4.33%. Asian markets, as usual, mixed, Japan up 0.3%, China up 0.1% and HK down 0.8%Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Send us a textUS dollar extends rebound, yen edges up too as bond yields creep up again. But stocks mixed amid persisting worries about US economy and debt. Kiwi up after RBNZ signals end of rate cuts, oil eyes OPEC decision. Can Fed minutes and Nvidia earnings turn around sentiment?Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.

BNZ's the latest bank to drop its home loan rates, anticipating a change to the Official Cash Rate this afternoon. The Reserve Bank's expected to cut the OCR 25 basis point to 3.25%. Already BNZ's cut its fixed rates to as low as 4.89%, and its standard variable rate to 6.44%. BNZ chief economist Mike Jones told Mike Hosking today's decision should indicate the Reserve Bank's general direction, but it probably won't reveal anything too specific. He says that seems to be the playbook offshore, allowing it to take its time and assess the lay of the land at the next meeting. LISTEN ABOVE See omnystudio.com/listener for privacy information.

To give you an insight into just how hard Christian Hawkesby's job is today, have a look at what the shadow board says. The NZIER has a monetary policy shadow board. It's a bunch of economists and their view as to what should be happening. Some say drop by 25 basis points, one says 50, and some say don't do anything. How do you deal with that? These are experts. They know what they are doing. Or do they? So no matter what Christian does some of them are going to go "what on Earth was he thinking?" Think about the difference between 50 basis points and nothing. 50 basis points is a lot. 50 means things aren't good, and we need to fire the place up a bit. If we don't move it means things are just where we want them. Are they where we want them? No, is my answer. But then I'm not an economist. Most of them say things like "boy this is tricky". My word is "uncertainty" – the watch word of the day. It's through this murky mix of "who the hell knows what's going on" that Christian has to wade and produce something that will see us head into a half decent Christmas. Of course that's part of the mess we are in. There is a lot of water to go under our beleaguered bridge before Christmas, and a number of decisions from the Reserve Bank, along of course with the much-dissected commentary. What does 25, or 50 basis points, or nothing, mean? What's old Christian thinking? I'll tell you this for nothing – a big part of this equation is mood. It's the same with the Budget last week and the depreciation measures. You have to want to get amongst it. You have to take your mortgage rate cut and do something with it. You have to want to buy your tractor, or ute, and depreciate it by 20%. If you are in a funk and you're not spending, then depreciating 20% of zero is nothing and no one gains. Christian, or Nicola for that matter, can't do it all. At some point we have to believe. We have to have our arm twisted. We have to see a bit of light. The most powerful factor in any economy is us, and mood. At some point a switch has to go off, a decision has to be made, and we need to look forward to better days. Let's hope today is a part of that story. See omnystudio.com/listener for privacy information.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news a relief rally is underway on Wall Street, responding to the delays in tariffs by the US on EU goods.But first, an update of the overnight dairy Pulse auction where prices for both SMP and WMP slipped although less than the futures market had suggested. The WMP was down -2.7% in USD from the prior week's full event, and a bit more in NZD. To be fair both prices had risen sharply since April but this pullback still leaves it in a rising trend despite today's adjustment.Data releases resumed in the US after their weekend holiday with durable goods orders pulling back in April after the unusually strong March gains. The pullback was largely in line with what was expected however, -6.3% lower than the prior month but up +2.7% from a year ago. Perhaps worryingly, excluding aircraft orders, nomn-defence capital goods barely budged in April, a sign that boardrooms remain skittish about future investment.That was matched by the Dallas Fed's May factory survey where activity was reported flat with a decline in new orders.But consumers seem happier, according to the Conference Board's May survey of consumer sentiment. But it was a survey taken before the latest US threats on the EU, so there is a sense of 'relief rally' here after the China tariff pullback. However, despite the month-on-month gain, this indicator is still tracking lower on the longer term, still lower than year-ago levels.Sentiment will be challenged again soon. There were a couple of housing indicators out overnight, and both recorded falls in American house prices. The FHA one was spun as an improvement, but it wasn't. The S&P/Case-Shiller one was a gain but a tiny one and the least since mid-2023.The bond market isn't feeling any better. The latest US Treasury 2 year auction, although as well supported as usual, brought a median yield of 3.90%, up from 3.74% at the prior equivalent event a month ago.And we can note that pricing for Trump Media shares, a marketplace that basically attracts investors who are supporters, is doing terribly. TMTG is down -11% today, down -33% so far this year, down more than -50% from a year ago. To rescue itself, it says it wants to raise US$2.5 bln to shift into crypto investing. It is an idea not going down well with shareholders.Across the border, core Canadian business activity is struggling a bit too. April wholesale trade was down -0.9% from March. That is kind of a lot for a one-month impact, one that records the initial tariff-war skirmishes.Across the Pacific in China, profits at industrial firms rose +1.4% in the first four months of 2025 compared to the same four months in 2024, picking up from +0.8% growth in the January–March period. For April alone, that was a rise of +5.2% from April 2024. Having noted that, April 2024 was a weak base. Still, given the trade challenges, and that China's factories are still very export oriented and vulnerable to trade war risks, this has to be seen as a good result in the circumstances.And we should start to keep an eye on China's carmakers. It is attracting increasing scrutiny because the economic fundamentals seem to be leaking away and quite fast. It could be another 'property development' industry failure, and could have just as large consequences if it wobbles too. They have no problem making cars, and good ones. But not only are they making more than the world needs, there are serious questions as to whether they can sell them for more than they cost to make.We should probably note that South Korean consumer sentiment jumped in May, rising back to levels that were common in November 2024 and prior. The ugly confusion period when its president went full-Trump and tried a palace coup (which resulted in impeachment, one that was upheld by the courts) is now behind it and Koreans are breathing easier. The rule of law won against a power grab. South Koreans will vote in a snap presidential election on Tuesday, June 3.And still in South Korea, they should join the CPTPP and diversify its trade as part of the bloc in the face of US uncertainties, a senior trade ex-minister is saying. (New Zealand runs a huge trade deficit with Korea.)In the EU, consumer and business sentiment basically held steady in May, according to the latest update. The trade wars are not yet unnerving the Europeans.The UST 10yr yield is now at 4.44%, and down -6 bps from yesterday.The price of gold will start today at US$3,302/oz, and down -US$38 from yesterday.Oil prices are down -US$1 at just over US$60.50/bbl in the US and the international Brent price is still just under US$64/bbl.The Kiwi dollar is down at 59.5 USc, a -½c retreat from yesterday at this time as commodity currencies are out of favour today. Against the Aussie we are down -20 bps at just on 92.3 AUc. Against the euro we are holding at 52.5 euro cents. That all means our TWI-5 starts today still just over 67.6 and down -30 bps from yesterday.The bitcoin price starts today at US$110,309 and up another +1.2% from yesterday. Volatility over the past 24 hours has been modest at just on +/-1.2%.Check back with us at 2pm for the RBNZ's May Monetary Policy Statement and OCR review. As you will knwo by now, 'everyone' expects a -25 bps cut. But the outlook from there is reasonably clouded, so Governor Hawkesby's analysis at 3pm is keenly awaited. We will have full coverage.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

The pressure is on the new Reserve Bank fill-in Governor tomorrow. Although given it's a committee, in theory he is more of a messenger. It's reported that we have increased calls for a 50 basis point cut. Why? Because things aren't flash. If you read business results in the current reporting season, a lot of commentary tells us the recovery is underway. Things are looking better. We can certainly see that, for example, with retail spending. The numbers produced just last Friday for the opening quarter of the year are up, and in some parts of the sector they're up quite a bit. We have seen manufacturing expanding for several months in a row now. So those are the fact-based statistics. The other measures, like confidence, have dropped. We see people in the doldrums. But that is a vibe. Can you find people who are in the doldrums? Of course you can. But does a vibe lead to a lack of action or a lack of spend? Or do we say one thing and do another? We also read a lot about this “uncertainty”. The uncertainty is of course Donald Trump, because Trump is increasingly seen as insane. It may well all end in tears, threatening tariffs on Europe one day then delaying it all until July the next. Against this, the Reserve Bank Governor has to work out whether to drop the OCR by 25 or 50 basis points. If it's 50, does that gee us all up and out we go and fire things up? If so, then next thing you know inflation is sparked up. Does he go 25 and hint at another 25, and may even another 25? What does he say about inflation and its uptick already, not just here but globally? Do we have the growth to support any such uptick? Is the uptick driven by actual activity, or still people just putting their prices up? As someone said, who on Earth would want to be Reserve Bank Governor? And our one isn't even under the constant threat of being fired. Thank the good Lord that we indisputably have an export-led recovery of sorts. Meat and wine and kiwifruit are doing the business. But that's over there, over here we are still in a funk. So, what to do? Your move Christian. No pressure then.See omnystudio.com/listener for privacy information.

Donald Trump delays his 50% tariff on Europe, which boosts stocks there. But gold remains up near record highs on all the uncertainty. Singapore's factory output rebounds, reducing the chances of a technical recession. And the RBNZ is expected to cut the OCR again tomorrow In our deep-dive interview, ANZ's Senior Commodities Strategist Daniel Hynes has taken a closer look at the aluminium market and finds supply issues are adding to the tension also building over rising trade barriers. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Votación Premios Rankia 2025 - Categoría Mejor Academia de Formación

Send us a textAttention turns to Fed minutes and PCE inflation; can they lift the dollar? US yields and Treasury auctions also in focus as budget bill passes House. RBNZ to likely cut again despite inflation pickup. Canadian GDP and Tokyo CPI on the agenda too.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.

Send us a question/idea/opinion direct via text message!This week Nick and Kelvin discuss the latest trends in the property market, focusing on first home buyer activity, labour market data, and the implications for the economy and the RBNZ's OCR decision at the end of the month. They also explore the importance of energy efficiency in housing (thanks to the NZGBC report) and the dynamics of the rental market, thanks to a listener question. The conversation highlights the challenges and opportunities facing buyers and investors in the current economic climate.Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.co.nz or kelvin.davidson@cotality.co.nz

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news we are in for a day of significant announcements, but locally and internationally.But first up today, the overnight full dairy auction brought higher prices, up +4.6% in USD terms and up +3.0% in NZD terms. Of note, the butter price hit a new all-time record high of US$74992/tonne. Also, cheddar cheese rose a very sharp +12.0% from the prior full event, and the dominant WMP price was up a heady +6.2%. This has been a very positive outcome, even if it was on relatively low off-season volumes.There seemed to be two big background drivers. First, EU production is slipping and today's NZ auction prices seem to be equalising with European pricing. And secondly, there was a substantial increase in demand from Southeast Asian buyers, shifting from EU supply. Today's result will bring upside to the payout - if it is maintaintained in future events.Elsewhere, there was a good rise in US retail sales last week, up +6.9% from the same week a year ago in the Redbook survey. But as we have noted previously, it is now hard to separate the inflationary effect of the tariff taxes from volume gains. It is about now that the tariff-tax impact will start happening. All eyes are on Apple, because they won't be able to avoid price hikes much longer now.Retaliatory tariff taxes also juiced up US exports in both goods and services in March but it was minor and similar to February. US imports however shot up to a new all-time record high. So the American trade deficit also hit a new record exceeding -$140 bln for the monthNone of this is helping sentiment. The latest survey, this one the RealClearMarkets/TIPP Economic Optimism Index retreated in May from April when a gain was anticipated. It was at its lowest in seven months.Meanwhile, the US logistics managers index returned to more usual levels, but allowing it to do that were rises in inventory and freight costs, rather than the efficiency components.There was a well-supported US Treasury 10 year bond auction earlier today, and that delivered a median yield of 4.28% which was down -6 bps from the prior equivalent event a month ago.Tomorrow will be dominated by the US Fed's meeting outcome. Changed interest rates are unlikely, but there will be intense interest in how they view the present and future economic landscape.In Canada, the widely-watched local Ivey PMI turned into contraction in April.In China, the Caixin Services PMI expansion eased back in April, down from March's three-month high to be below analyst forecasts. This is now the softest expansion in their services sector in seven months. But this Caixin version reported a slightly faster expansion than the official version.There is a lot going on today, and amongst that we are expecting a significant Chinese briefing by their central bank and other regulators about new moves to respond to their economic pressures triggered by the tariff war.In Europe, their April services PMI didn't fall into contraction as expected. Rather it stayed just on the positive side. But it is an anemic expansion all the same.In Australia, household spending slipped in March from February, to be +3.5% higher than March 2024. Of special note was the very sharp -1.3% dive in Queensland.There was an even sharper retreat in building consents in Australia in March with a big -15% dive in consents for building apartments.The UST 10yr yield is now at 4.31%, down -3 bps from this time yesterday.The price of gold will start today at US$3414/oz, and up +US$101 from yesterday, and heading back towards its April 23 record high.Oil prices are firmer today, up +US$2 at just on US$59/bbl in the US and the international Brent price is now just under US$62.50/bbl.The Kiwi dollar is now at 60 USc, up +40 bps from yesterday at this time. Against the Aussie we are up +0 bps at 92½ AUc. Against the euro we are up +50 bps at 52.8 euro cents. That all means our TWI-5 starts today just under 68 and up +10 bps. The Japanese yen has strengthened to limit the TWI-5 shift.The bitcoin price starts today down a mere -0.3% from yesterday at US$94,563. Volatility over the past 24 hours has been low at +/- 0.9%.Join us at 10:45am for the release of the important March quarter jobs report for New Zealand. We are expecting no rise in employment and a rise in the unemployment rate to 5.3%. Variations from that might be market-moving.And then at 2pm we will be covering the RBNZ's half-yearly Financial Stability Report. This will be Christian Hawkesby's first big set piece presentation as Governor, a role he holds until at least October.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news this week we may start to see some hard data from the US and how the Trump insurgency is affecting the world's largest economy. Already sentiment surveys seem pretty negative.For us, the week ahead will be dominated by the March quarter financial system data releases from the RBNZ on Wednesday.Internationally, we will remain trapped watching the chaotic policy changes from Washington and trying to assess how they may impact us. Wall Street's earning season releases will also be a big influence, especially results from Big Tech. And the Americans will release their Q1-2025 GDP results, PCE inflation data, and their ISM PMI survey results. And at the end of the week we will get the April non-farm payroll results for the US labour market.The Bank of Japan is scheduled to review its monetary policy, but they are unlikely to make any changes in the fog of uncertainty around trade policies. Australia will release its Q1-2025 CPI data (expect a dip to 2.2%). China will release its official PMI survey results.Over the weekend, China said its March industrial profits were better than expected, but private sector profits slipped again. However, overall profits rose +0.8% from a year ago. Also better were foreign company profits which were up +2.8% on the same basis.China said they are adding another ¥500 bln in medium-term lending facility funding. This is the second month they have pushed out substantial additional liquidity in this way.And China says more than 120 million people have benefited from their old-for-new consumer goods trade-in subsidy program, driving sales of more than ¥720 bln.And the BS meter is on high after Trump said that “we're meeting with China” on tariffs, comments aimed at soothing jittery financial markets. But Chinese officials say no talks have taken place.In fact, China cancelled some large pork and soybean orders to US suppliers. American farmers not only have to bear the brunt of trade policy gone rogue, they are also battling rouge weather.Singapore said its industrial production rose in March, a bounce-back from a weak February result. But the recovery wasn't as strong as analysts had expected.Across the Pacific, US initial jobless claims fell last week to +209,700 and to the level expected. But seasonal effects suggested this reduction should have been larger. There are now 1.89 mln people on these benefits, still higher than year ago levels. This is despite Federal pressure on States to deny long term undocumented workers access to benefits.New durable goods orders jumped in March by +10.9%, the largest rise in seven months. Capital goods orders rose +24.1%. But non-defense, non-aircraft capital goods orders were only up +1.8%. This is probably why the March or April PMIs didn't note a general rise in factory orders.US existing-home sales fell -5.9% in March from February to be -2.4% lower than one year ago.Meanwhile the Kansas City Fed factory survey reported lower activity, higher costs, and unchanged order levels.Nationally, the Chicago Fed's National Activity Index reported a small slip in March. This is consistent with the overall Fed Beige Book monitoring.And finally for the US, the UofM sentiment survey for April was -8.4% lower than for March, -32% weaker than a year ago. These are big drops. Year-ahead inflation expectations surged from 5.0% in March, an unusually high level, to 6.5% this month, the highest reading since 1981.North of the border, Canada reported February retail sales and they slipped from January to be +2.1% ahead of year ago levels. This data is volume data, so a real increase.And its election day in Canada (tonight NZ time). There has been a notable surge in early voting. Official data for this was released a week ago, and that showed 7.3 million electors had voted in advance at that stage. This is a +25% increase from the 5.8 million electors who voted in advance in the last federal general election in 2021. They have 27.6 mln eligible voters this time.The UST 10yr yield is now at 4.25%, up +1 bp from this time Saturday.The price of gold will start today at US$3318/oz, and up +US$88 from Saturday.Oil prices have held from Saturday be still just over US$63/bbl in the US and the international Brent price is now just under US$67/bbl.The Kiwi dollar is now at 59.6 USc, down -10 bps from Saturday at this time. Against the Aussie we are down -10 bps at 93.2 AUc. Against the euro we unchanged at 52.5 euro cents. That all means our TWI-5 starts today still just on 68 and unchanged from Thursday, but up +40 bps from a week ago.The bitcoin price starts today at US$94,238 and down -0.8% from this time Saturday. Volatility over the past 24 hours has again been low at +/- 0.7%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

The Reserve Bank's operating budget for the coming year has been slashed by about 25 per cent. In a statement released yesterday, RBNZ board chair Neil Quigley said the organisation will need to look closely at capital and operational expenditure, as well as spend on personnel. Finance Minister Nicola Willis spoke to Corin Dann.

Reserve Bank economist Paul Conway believes there's one upside to the tariff turmoil for Kiwis. Conway suspects the tariffs will likely lead to lower inflation in New Zealand, which will also lead to lower interest rates. Infometrics Principal Economist Brad Olsen unpacked the announcement - and explained the ins and outs of the Reserve Bank's new Kiwi-GDP tool. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Equities began the week with strength after the tariff reprieve for smartphones, though Trump's walk-back on this capped gains.Trump said there were no exceptions announced on Friday; Lutnick said semiconductor-tariffs in a month & pharma-tariffs in a month or two.DXY remained below the 100 mark, EUR/USD briefly surpassed 1.14 & Cable briefly surpassed 1.31.USTs attempted to nurse recent pressure but the constructive tone capped, Trump said the bond market is going good.Crude rangebound despite the tone as constructive US-Iran talks and remarks from Energy Sec. Wright offset this.Fed's Collins said they are likely moving to a period of difficult tradeoffs, and "we're not seeing liquidity concerns overall", via WSJ.Looking ahead, highlights include US NY Fed SCE. Speakers include RBNZ's Conway, Fed's Waller & Harker. Earnings from Goldman Sachs & LVMH.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump's administration exempted items from reciprocal tariffs including smartphones, storage devices and some other electronics.However, Trump posted on Sunday that there was no tariff exception announced on Friday and that these products are subject to the existing 20% fentanyl tariffs and are just moving to a different tariff bucket.European bourses open higher as markets digest exemptions on smartphones/electronics; US futures also gain.DXY on the backfoot once again and G10s broadly supported with newsflow on the quiet end.Bonds diverge once again but are contained with specifics light thus far; USTs a little firmer whilst Bunds dip.Crude contained, gold wanes, base metals supported given the positive risk tone.Looking ahead, US NY Fed SCE, Speakers including RBNZ's Conway, Fed's Waller & Harker, Earnings from Goldman Sachs & LVMH.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Reserve Bank has dropped the OCR by another 25 basis points this week, putting it at 3.50%. Many homeowners would have rushed to refix or float while waiting for the announcement in December, but at what point is it worth breaking your mortgage for a lower rate? LISTEN ABOVESee omnystudio.com/listener for privacy information.

US President Trump's reciprocal tariffs alongside the 104% levy on China came into effect; US President Trump said China is manipulating its currency in offset against tariffs, and added the US will be announcing tariffs on pharmaceuticals soon.Shanghai Comp. (+0.2%) was somewhat cushioned following recent stabilisation measures and expected policy support; E-mini S&P futures fell (-2.2%); markets await China's response.10yr UST futures notably slumped amid a surge in yields due to trade war concerns and after a weak 3yr auction stateside.RBI and RBNZ both cut their respective rates by 25bps as expected - both central banks flagged trade uncertainty; Japan's BoJ, MOF, FSA hold meeting to discuss international financial markets at 08:00BST.European equity futures indicate a lower cash market open with EuroStoxx 50 futures down 4.3% after the cash market closed with gains of 2.5% on Tuesday.Looking ahead, highlights include US Wholesale Sales, FOMC Minutes, Trump Executive Orders, Speakers including BoJ's Ueda, ECB's Knot, Cipollone & Fed's Barkin, Supply from UK & US, Earnings from Delta & Constellation Brands.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Rabobank’s Senior Strategist discusses the latest on the USA tariffs and the upcoming RBNZ decision on the OCR on April 9.See omnystudio.com/listener for privacy information.

The Reserve Bank appears to have caved to pressure with its decision to review its capital requirements. The central bank introduced stricter rules in 2019, requiring banks to hold capital to buffer them against a 1-in-200-year financial crisis. The rules have been criticised for driving up lending costs. Former Reserve Bank economist Michael Reddell told Mike Hosking there's been a clear appetite for change. He says the Reserve Bank has "read the tea leaves", including criticism it's faced from banks, businesses, and Finance Minister Nicola Willis herself. LISTEN ABOVE See omnystudio.com/listener for privacy information.

New data from CoreLogic shows we're at the best level of property affordability since before Covid. While rent costs are waiting to catch up, the difference between mortgages and annual salaries is closing in. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Ex-politician Rodney Hide is fighting a battle. It began a couple of years ago, and it continues today. It involves the 'Relationship and Sexuality Education Curriculum' being taught in his daughter's school. It's actually taught in all schools. Rodney is not the only parent unhappy about what's being taught, but he stands almost alone in trying to address it. To him it is a matter of principle. But we also discuss other matters- the RBNZ and Adrian Orr, Luxon and the National party, economic growth, and more. And we wind up in The Mailroom with Mrs Producer. LISTEN ABOVESee omnystudio.com/listener for privacy information.

APAC stocks began the week mixed amid tariff-related concerns and as participants digested the softer-than-expected Chinese inflation data.US House Republicans unveiled a stopgap funding bill to keep the government funded through September 30th.US President Trump said on Friday regarding Canada that he may do reciprocal tariffs as early as Friday or Monday; added the EU has been a terrible abuser.European equity futures indicate a higher cash market open with Euro Stoxx 50 future up 0.7% after the cash market closed lower by 0.9% on Friday.DXY is a touch firmer, EUR/USD remains on a 1.08 handle, JPY is the marginal outperformer across the majors.Leaders of Germany's CDU/CSU and SPD said they have completed preliminary talks on forming a coalition government.Looking ahead, highlights include German Industrial Production & Trade Balance, EU Sentix Index, US Employment Trends, NY Fed SCE, Chinese M2 Money Supply, ECB Survey of Monetary Analysts, RBNZ's Hawkesby.US clocks moved forward by an hour to Daylight Saving Time, meaning there is now just a four-hour time difference between London and New York for the next three weeks.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

A former Reserve Bank senior staffer ranks Adrien Orr as the least competent Reserve Bank Governor New Zealand's ever had. Orr's announced he's quitting two years into his second five year tenure. Geof Mortlock told Mike Hosking there's been many negative results from his monetary policies. He contends Orr has left New Zealand taxpayers with more than $10 billion of debt. His shock exit announcement yesterday comes as the bank is in the process of agreeing its funding increase for the next five years. LISTEN ABOVE See omnystudio.com/listener for privacy information.

The Reserve Bank of New Zealand cut the OCR by another 50 basis points this week. Homeowners and hopeful buyers alike have been eagerly watching recent OCR announcements as interest rates continue to fall. But why aren't the banks following suit? LISTEN ABOVESee omnystudio.com/listener for privacy information.

The last central bank finally gives in to reality, joining the rate cutting cycle in one final blow to higher for longer. This brings RBA closer to its neighbor RBNZ even though, on the surface, the two seem far apart in every respect. For all this alleged differences, however, the dollar has drastically other ideas which is why dollar for dollar for dollar, they're all the same globally synchronized. Eurodollar University's Money & Macro AnalysisCNBC Australia's central bank cuts rates for the first time in more than four years, flags economic uncertaintieshttps://www.cnbc.com/2025/02/18/australia-central-bank-cuts-interest-rate-for-the-first-time-in-over-four-years.htmlBloomberg ECB's Panetta Says Economic Weakness Is Worse Than Expectedhttps://www.bloomberg.com/news/articles/2025-02-19/ecb-s-panetta-says-economic-weakness-is-worse-than-expectedBloomberg New Zealand to Slow Pace of Easing After Third Big Rate Cuthttps://www.bloomberg.com/news/articles/2025-02-19/new-zealand-delivers-third-big-rate-cut-to-revive-ailing-economyhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc.

President Trump is eyeing increased tariffs of 25 per cent on imports of cars, drugs and semi-conductors and he announced he would provide further details in April. Ukraine peace talks between the U.S. and Russia end in Riyadh with both sides pledging increased cooperation. President Trump slams Ukrainian President Volodomyr Zelenskyy's call to be included in negotiations. In banking news, Europe's largest lender HSBC announces cost cuts of $1.8bn over the next two years as well as a new $2bn buyback. The RBNZ slashes rates by 50bps for the third consecutive time in an attempt to resuscitate growth.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

APAC stocks traded mixed following the somewhat choppy performance stateside.President Trump stated he will impose 25% tariffs on autos, pharmaceuticals and chips.European equity futures indicate a slightly lower open with Euro Stoxx 50 futures down 0.1% after the cash market closed with gains of 0.3% on Tuesday.The RBNZ delivered a third consecutive 50bps rate cut and signalled further cuts ahead; likely to step down to 25bps increments.DXY a touch softer, NZD leads, most other majors are broadly contained.Looking ahead, highlights include UK CPI, FOMC Minutes (Jan), Fed's Jefferson, Supply from UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Sentiment hit across markets after Ukrainian President Zelensky pushes back against US-Russian talks, with equities at fresh lows.USD a little firmer, NZD leads post-RBNZ, GBP contained after mixed inflation metrics.Crude firmer while aluminium spikes on EU's 16th sanctions package on Russia.Gilts lag after UK CPI, USTs await 20yr supply & FOMC Minutes, Bunds hit by hawkish ECB Schnabel comments.Looking ahead, highlights include FOMC Minutes (Jan), Comments from Fed's Jefferson, Supply from the US, Earnings from Etsy, Garmin, Wix.com, Analog, Carvana.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

A Reuters poll of 33 economists had 32 expecting the RBNZ to slash the official cash rate by 50 basis points on Wednesday, bringing the rate down to 3.75 percent. Economist and professor at Auckland University Robert MacCulloch spoke to Corin Dann.

It's the Reserve Bank's first official cash rate decision for 2025 - and many economists are predicting a rate cut to start off the year. The RBNZ is largely expected to lower the OCR by 50 basis points tomorrow, with two major banks already announcing rate cuts. Infometrics principal economist Brad Olsen says a significant cut looks likely - but warns the central bank runs the risk of overdoing their response again. LISTEN ABOVESee omnystudio.com/listener for privacy information.

US investors return from a public holiday with a cautious mindset, yet optimism remains for equities, as investors expect them to be the best-performing asset class in 2025. In corporate news, Intel shares surged the most since 2023 on speculation of a potential breakup, while SuperMicro extended its rally after issuing a bullish forecast. In contrast, Medtronic fell as quarterly sales missed expectations. Australian stocks are in focus as NAB, Santos, and Rio Tinto prepare to release earnings today. Meanwhile, oil prices climbed on discussions of an OPEC production delay, and gold gained amid uncertainty surrounding potential Trump-era tariffs. Elsewhere, the RBNZ is expected to deliver another 50 basis point rate cut, while in Australia, the ASX 200 is set to slip on Wednesday, and the Aussie dollar remains flat following yesterday’s rate cut. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Carol Kong and Kristina Clifton discuss the top influences affecting currency markets this week, including the Reserve Bank of Australia's meeting, the Reserve Bank of New Zealand's meeting and US tariffs.    Disclaimer:    Important Information   This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”).  Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au.   No Reliance  This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes.  This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast.   The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.  Liability Disclaimer  The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast.    

Curso en Vivo | Marzo 2025 - Trading Dynamics, Pivot Points, Ondas de Elliot y Bill Williams.mas info Aquí! https://shorturl.at/gjGBoGuías de Trading Gratuitas

In the first episode of 2025, host Nigel Grant is joined by podcast favourite Chris Tennent-Brown (Senior Economist, ASB) to discuss market performance in January and to give his thoughts as we look ahead to the year's first OCR announcement.

We are crossing the ditch to New Zealand today to look at the latest home price data from the REINZ, and the latest inflation data from the RBNZ. The New Zealand property market experienced a relatively quiet month in December 2024. Actually, sales increased by 1.8% nationwide compared to December 2023, rising from 5,420 to … Continue reading "Kiwis Hold Their Breath On Property, And Rates."