New Zealand Card Spending for August

Retail +0.5% m/m

  • expected is +0.3%, prior was +0.4%

Total +0.1%

  • prior was +1.0%, revised from +1.1%

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The big news from New Zealand today was the central bank decision:

  • RBNZ - analyst responses
  • RBNZ Governor Wheeler press conference
  • RBNZ: Cuts rates by 25bp, as expected

And ... there will be more to come from Wheeler from 0110GMT when he appears before a parliamentary grandstanding select committee