New Zealand Retail sales excl. inflation for Q4 2020: -2.7% q/q (expected -0.5%)

NZ data, this unlikely to move the kiwi $ much upon release.

New Zealand Retail sales excl. inflation for the fourth quarter of last year down 2.7% q/q

• expected -0.5% q/q

• prior +28.0% (lockdown emergence impact)

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ICYMI, there is an RBNZ policy announcement due this week:

• NZ shadow RBNZ board says there is little need for monetary policy change
• RBNZ monetary policy meeting 24 February - preview