The Reserve Bank of New Zealand announcement is coming up at 2100GMT
- Accompanied by the Bank's Monetary Policy Statement
- Governor Wheeler will hold his press conference an hour later (2200GMT)
- Wheeler will also be taking questions in parliament (committee), but that's much later, 0110GMT)
- No change to the Official Cash Rate is the expected from the RBNZ
- It does appear more likely than not the Bank may hint at a tightening bias in the statement
For previews of the RBNZ .... you've come to the right place:
- Goldman Sachs preview of the RBNZ meeting this week - no change expected
- RBNZ meeting this week - no change is expected - preview 6
- RBNZ meeting this week - no change is expected - preview 5
- RBNZ meeting this week - no change is expected - preview 4
- RBNZ meeting this week - no change is expected - preview 3
- RBNZ meeting this week - no change is expected - preview 2
- RBNZ meeting this week - no change is expected - preview
- An RBNZ 'preview' from NZ shadow board - recommend a tightening bias
Plenty more on the calendar today:
2245GMT - New Zealand - Food price inflation for Apr
- prior -0.3% m/m
2301GMT - UK - RICS House Price Balance for April
- expected 20%, prior 22%
- The Royal Institution of Chartered Surveyors (RICS) House Price Balance
- It measures the percentage of surveyors reporting a house price increase in their area
- Above 0.0% indicates more surveyors reported a rise in prices; below indicates more reported a fall
2350GMT - Japan -
- BoP Current Account Balance for March, expected ¥ 2593B, prior ¥ 2813.6B
- BoP Current Account Adjusted: expected ¥ 1735B, prior ¥ 2210.9B
- Trade Balance BoP Basis: expected ¥ 855B, prior ¥ 1076.8B
Exports have been a bright spot for the Japanese economy. And manufacturing production. So, expect high fives all round in Japan today, at least for a few seconds until they start thinking about wages and household spending declines ... d'oh!
Also due at 2350GMT from Japan
- Bank Lending excluding trusts for April, y/y: prior +3.0%
- Bank Lending including trusts y/y: prior +3.0%
- international securities flows for the week ended May 5
Much later, due 0500GMT from Japan - Economy Watchers Survey for April
- Its produced by the Cabinet office
- Assesses region-by-region economic trends
- Surveys people "holding jobs that enable them to observe activity closely related to regional economy, these survey results can be used as basic material for assessing economic trends".
Its split into 'Current' and 'Outlook' indexes
- For the Current, expected 47.8, prior 47.4
- And Outlook expected 48.2, prior 48.1
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And, a reminder .... this may come today (no scheduled time not date, just sometime up to the 18th May): China data due sometime this week (but don't hold your breath)