RBNZ

Poll shows most analysts expect a +25bp RBNZ rate hike on May 24

• Reserve Bank of New Zealand cash rate expectations for the May 24 meeting

ANZ forecasts the RBNZ to raise the cash rate to 5.75% in July

Westpac forecasts RBNZ will raise cash rate to 6%, keep it there until mid-2024

New Zealand dollar dip after RBNZ inflation expectations data

Goldman Sachs expects a 25bps hike from the RBNZ in May, see AUD/NZD higher into year-end

RBNZ'S Hawkesby says the underlying economy has strength , NZ banks are well positioned

Reserve Bank of New Zealand says labour market data remains strong, job security is high

NZD/USD not far from its session high - jobs beat, financial stability supports RBNZ hikes

RBNZ Governor Orr says NZ financial system is well placed to handle higher interest rates

RBNZ says not currently seeing widespread financial distress amongst households, business

More on the Reserve Bank of New Zealand proposing an easing of LVR restrictions

Reserve Bank of New Zealand proposes easing some macroprudential requirements

• Easier LVRs proposed

NZ CPI downside surprise increases the likelihood that the RBNZ could pause on 24th May

Mkt. sees some chance of RBNZ easing cycle beginning late 2023, but not really until 2024

RBNZ inflation measure for Q1 2023 5.7% y/y (vs. 5.8% previously) - NZD dips a little more