The Reserve Bank of New Zealand issued its latest Financial Stability Report on Wednesday morning NZ time.
Coming up at 2200 GMT is Governor Orr's press conference- you can expect questions also on yesterday's developments in NZ (read from the bottom up for the chronology):
- RBNZ's Gov Orr says the Bank already gives consideration to asset prices
- RBNZ says it will engage constructively on the government proposal it adds a house price remit
- NZD is rocketing on the RBNZ house price news
- NZ government is considering adding house prices to the RBNZ mandate
2350 GMT Japan PPI services for October
expected -0.5%, prior 1.3% y/y
0030 GMT Australia Construction work done for Q
- expected -2.0% q/q, prior -0.7%
- This data will be an input into the economic growth numbers (Q3 GDP) due on December 2
- The construction sector was already in a downturn ahead of the pandemic impact. and today's figures are not expected to show a reversal.
