High OCR looks necessary and a cut is not likely until 2025, says ASB
Quote:
Originally Posted by
beacon
RBNZ winning with its pause
ASB’s Smith says the bank expects the unemployment rate to move below its maximum sustainable level by the end of next year. This should temper wage increases and significantly dampen pressures on core inflation.
Westpac senior economist Darren Gibbs says indicators suggest that employment growth has begun to slow in recent months... domestic inflation will moderate by enough to allow overall CPI inflation to move back into the target range over the coming year or so.
Jarrod Kerr, Kiwibank chief economist, says there are clear signs the tight financial conditions are already restraining demand.
https://tmmonline.nz/article/9765224...+any+time+soon
Another Fundamental ticked for NZD
New Zealand and Auckland house prices: Analyst CoreLogic says downturn is officially over
https://www.nzherald.co.nz/nz/new-ze...GDFDG627DMMZM/
No major surprises then! Markets are ok with it!
Quote:
Originally Posted by
winner69
Where it will end week ……..maybe .5725 if no clear indication of make up of new people government
National’s Christopher Luxon to negotiate with Act and Winston Peters
https://www.nzherald.co.nz/nz/nz-ele...IZAKJTFUDFZUE/
“Now we can get cracking,” Luxon told reporters... “We are working constructively with both parties. We are going to come together and form a strong stable government,” Luxon said.
Peters said NZ First wanted negotiations to be conducted with urgency. “What can we agree on ... we can’t all get what we want, we have to get a sound much much better government underway,” Peters told the Platform.
They'll keep each other in check, but not a bad result overall. Just a delay of another week or two... Seems like the markets expected that...