NZD has been fairly stable since it post-RBNZ little pop.

Data now,:

0.9% m/m

  • prior 0.9%

7.6% y/y

  • prior 6.4%

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Earlier from NZ today:

  • RBNZ announcement - on hold (as expected)

Analyst comments:

  • Responses to the RBNZ - "key policy guidance paragraph ... unchanged"
  • Responses to the RBNZ - "maintained a reasonably optimistic tone"
  • More RBNZ responses & implications for the NZD