Tag: New Zealand
Slight edge down in retail sales, weekly claims lower as well
the advance figure for seasonally adjusted initial claims was 230,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 239,000 to 240,000. The 4-week moving average was 236,750, an increase of 2,250 from the previous week's revise
NZ consumers expect inflation tapering, UK is showing more growth
On average, survey respondents expected the Official Cash Rate (OCR) to be at 5.53% by the end of the September 2023 quarter
The BoE voted to increase Bank Rate. Labour force participation the highest recorded
The seasonally adjusted unemployment rate was 3.6 percent in the June 2023 quarter, compared with 3.4 percent last quarter, according to figures released by Stats NZ.
Global inflation appears ready to ease, governments still on alert
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June on a seasonally adjusted basis, after increasing 0.1 percent in May, the U.S. Bureau of Labor Statistics reported. Over the...
Big economies near reaching labor capacity
At its meeting today, the Board of the Reserve Bank of Australia decided to leave the cash rate target unchanged at 3.60 per cent and the interest rate on Exchange Settlement balances unchanged at...
Rising CPI still a problem for economies around the world
According to Statistics Canada the Consumer Price Index (CPI) rose 5.9% year over year in January, following a 6.3% increase in December. Prices for cellular services and passenger vehicles contributed to the deceleration in...
Economies unable to put halt inflation as labor markets are very stretched
The Monetary Policy Committee (MPC) of the Reserve Bank of New Zealand has increased the Official Cash Rate (OCR) from 3.5% to 4.25%.
Demand in the New Zealand economy has been resilient to global and...
Inflation is still a main worry for large economies
Per the released ECB Monetary policy decisions the monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in...
Major economies start to grapple inflation as tapering seems imminent
Per the FED press release from March the 16th, The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance...
Good data in the Oceania region, other regions grapple inflation
The Reserve Bank of Australia released a statement before the House of Representatives Standing Committee on Economics. The outlook for the Australian economy has improved since the last meeting....
