NZ data - ANZ Consumer Confidence (March): +0.8% m/m (prior -0.7%)

New Zealand data on the consumer. yesterday we got another wobbly reading on business confidence:

• New Zealand: ANZ business confidence for March: -38.0 (prior -30.9) & Activity Outlook: 6.3 (prior 10.5)

Consumer confidence during March has risen, from 120.8 in Feb. to 121.8, which puts it around average levels.

ANZ's summary:

• Perceptions of current conditions fell 1 point, while the future conditions index rose 2 points.
• The proportion of households who thinks it's a good time to buy a major household item fell 1 point.
• Moves were pretty much rounding errors: the Current Conditions Index fell 1 point to 125, while the Future Conditions Index lifted 2 points to 120.

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NZD has already had a bit of a slip during morning trade, this the catalysts:

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

more to come