From New Zealand:
- ANZ Business confidence for August: 24.4 (prior was 39.7)
- ANZ Activity Outlook for August: 36.6 (prior was 45.1)
- 6th consecutive month of falls for confidence
- Lowest confidence now since December 2012
From ANZ:
- Confidence down 46 points from its peak (of 70.8) back in February (ahhh, the good old days …)
- Both inflation expectations and pricing intentions fell in August
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NZD on session lows after the release.
I wonder if this result will impact on the RBNZ’s rate hike schedule? Could it mean a pause for longer?