New Zealand Building Consents (permits) data for February: +1.9% m/m (prior +16.5%)

Building approvals from NZ for Feb 2019

+1.9% m/m

• prior +13.9%, revised from +16.5%

+9.7% y/y

Via Stats NZ:

NZD little moved, it had dropped earlier on comments from RBNZ Gov. orr:

• RBNZ's Gov. Orr says the Bank's easing bias is a starting point for policy committee

more to come