Local rates and currencies get a reset
Kia ora,
Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
And today we lead with news notable data in both Australia and New Zealand yesterday has reset our currencies and our benchmark interest rates.
In New Zealand of course it was the market reaction to the RBNZ OCR cut, in Australia it was the unexpected rise in their CPI inflation. Both had a cumulative impact in both countries.
But first. American mortgage applications has week were…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.