New Zealand credit card spending for May: 0.4% m/m(prior +0.6%)

NZ data, credit card spending for the month of May 2019

0.4 % m/m

• prior +0.6%

6.6 % y/y

• prior +4.5%

ICYMI (the focus in NZ this week):

• RBNZ monetary policy meeting preview - BNZ says cash rate on hold
• NZD traders - RBNZ preview - poll says on hold
• NZIER says RBNZ cash rate should remain on hold this week