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Big fall in NZ rates yesterday, larger than seen in Australia, with bond tender attracting strong demand

Gloomy data - UK and Japan in recession in 2H23, Australian unemployment rate at a 2-year high; and a big downside miss in US retail sales for January. USD broadly weaker

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Reserve Bank: Remit change triggers realignment of goals

Reserve Bank: Remit change triggers realignment of goals
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New Zealand Govt Amends Monetary Policy Remit

New Zealand's government amended the monetary policy remit of the Reserve Bank on Wednesday, removing employment as an objective. The statement said the amended remit retained an inflation target of 1 percent to 3 percent over the medium-term, with a focus on the 2 percent mid-point.

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MIL-OSI Submissions: Economy News – Households tend to pay more attention to inflation when it is high – Analytical Note – Reserve Bank of New Zealand

MIL-OSI Submissions: Economy News – Households tend to pay more attention to inflation when it is high – Analytical Note – Reserve Bank of New Zealand
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