Economy Watch
1,329 episodes - English - Latest episode: 24 days ago -We follow the economic events and trends that affect New Zealand.
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Higher rates bring the targeted economic slowing
September 08, 2022 19:48 - 5 minutes - 5.27 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the death of their monarch in the UK will be grabbing all the headlines today, but the global economy is "carrying on". Here are those economic events. In the US jobless claims were lower last week, both from the prior week and from what was expected. There are now 1...
The global trade recovery stutters
September 07, 2022 19:46 - 5 minutes - 5.36 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news global trade is losing altitude, with the geopolitical pressures starting to take their toll. But first, US mortgage applications fell yet again last week, continuing the long string of declines and are -23% lower than year-ago levels. Mortgage interest rates rose ...
Paul Conway: why he's optimistic NZ can improve its productivity performance
September 06, 2022 23:58 - 29 minutes - 26.7 MBPaul Conway, the Reserve Bank's Chief Economist and former Economics and Research Director at the Productivity Commission, is optimistic that better times may be ahead for New Zealand's lagging productivity performance. Speaking in the latest episode of interest.co.nz's Of Interest Podcast, Conway says New Zealanders work about 10% more hours per person, but produce about 20% less output than workers in the average OECD economy, which is why average incomes and wealth in NZ are both signifi...
Bond prices take a hammering
September 06, 2022 19:46 - 5 minutes - 5.29 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news bond prices are taking a hammering today, with losses mounting quickly now. But first, the latest dairy auction has delivered higher prices. Overall they were up +4.9% in USD terms, and with our currency weakening, the rise in NZD was a stellar +10.2%. These rises...
Energy stress spreads
September 05, 2022 19:44 - 5 minutes - 4.8 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news energy stress is spreading everywhere now. Remember in the US it is their Labor Day long weekend holiday, essentially signaling the end of their summer holiday season. Markets will return to regular mode tomorrow when volumes traded will be more regular. But even t...
A slowing China reins in global inflation
September 04, 2022 19:45 - 7 minutes - 7.16 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the iconic 2022 inflationary pressures from rising commodity prices seem to be easing, and as fast as they rose earlier in the year. But first, in the US it is their Labor Day long weekend holiday, essentially signaling the end of their summer holiday season. Markets...
Stephen Jacobi: Is New Zealand too dependent on China as an export market?
September 03, 2022 18:00 - 34 minutes - 31.4 MBChina is far and away New Zealand's key export market. But this comes with risks. China is an authoritarian one-party state. Its human rights record came under fire from the United Nations this week, and China's growing international assertiveness is seeing it butt heads with the United States and increase its influence in the South Pacific. Against this backdrop, is it possible that NZ is too dependent on China as a destination for our exports? What are the risk to this relationship? And ...
Data supports an aggressive Fed
September 01, 2022 19:47 - 5 minutes - 5.04 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the American dollar has jumped to 20-year high as jobs data supports aggressive Fed rate rises and quantitative tightening. This will have tough, tough consequences for many other countries, especially those with debt in US dollars. All eyes are now turning to the US...
Supply chain cost pressures ease
August 31, 2022 19:48 - 6 minutes - 6.35 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news supply chain cost pressures seem to be easing now. But first, US mortgage applications fell again last week and are now -23% lower than year-ago levels. Benchmark mortgage interest rates rose to 5.8% which puts them back to their highest since 2008. The American ho...
US reports surprisingly upbeat data
August 30, 2022 19:48 - 6 minutes - 6.23 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the US Fed's interest rate rises haven't yet quelled enthusiasm in either their retail or labour markets, nor consumer sentiment, which is something of a surprise. American retail sales rose faster than expected last week on a same-store basis to be +14% higher th...
After the Powell slump, a focus on real business
August 29, 2022 19:42 - 4 minutes - 4.41 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news global equity values have slumped as investors reassess valuations following the US Fed's hawkish stance on inflation. In the US, the Dallas Fed survey of factories in the American oil patch are still struggling, even if less so. The fall-off in new orders isn't as ...
A tale of two countries
August 28, 2022 19:33 - 5 minutes - 5.42 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news China is still struggling to get its economic expansion back on track, while the US may be reporting an economic stall in some measures but their labour market suggests their expansion is still building. First, Chinese industrial profits retreated in July from June, ...
David Mahon: What's going on in China's economy
August 27, 2022 18:00 - 47 minutes - 43.9 MBAgainst the backdrop of a sweltering summer, China's Covid-zero policy rumbles on, the country's commercial property sector teeters, and youth unemployment soars. To talk about all these issues and more, I spoke to Beijing-based David Mahon, Managing Director of Mahon China Investment Management, for the latest episode of interest.co.nz's Of Interest Podcast. On the weather Mahon says it's China's hottest summer since records began in 1961, and has exceeded anything he has experienced in t...
Half full or half empty?
August 25, 2022 19:59 - 6 minutes - 5.73 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news global full employment just goes on and on, and is calling into question some of the ways we measure economic activity First in the US, Americans are in the last week of their summer holidays and heading toward the crucial final third of 2022 with rising economic unc...
Struggling for momentum
August 24, 2022 19:52 - 5 minutes - 4.66 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the US and Chinese economies both seem to be struggling for momentum. The latest data for durable goods orders in the US for July have delivered mixed results, and at first look somewhat weak. They were unchanged from June, disappointing market expectations of a +0...
Slowdown warnings flashed
August 23, 2022 19:53 - 5 minutes - 4.58 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news August data is starting to show the turn in global economic sentiment is turning 'south'. But first, after the prior week's recovery in the American retail impulse, last week's same-store survey built on that, returning to the good year-on-year weekly gains we hav...
Risk appetites fall as northern summer fades
August 22, 2022 19:37 - 4 minutes - 4.04 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the rise and rise of global bond yields has investors fretting that the chances of a global recession are rising. But first, China's scorched southwestern regions extended curbs on power consumption as they deal with dwindling hydropower output and surging household...
Higher carbon price brings higher food prices
August 21, 2022 19:27 - 6 minutes - 5.84 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the drive to 'fix farming', especially livestock farming, might be igniting a new and potentially dangerous round of food price increases, dangerous especially for the poor. But first, the western-backed Asian Development Bank has been funding projects in China, even...
Shamubeel Eaqub: Why the Generation Rent author is now optimistic about the housing market
August 18, 2022 23:01 - 33 minutes - 30.8 MBIn 2015 when he and his wife Selena published Generation Rent Rethinking New Zealand’s Priorities, economist Shamubeel Eaqub admits he was pessimistic about the housing market. That has now changed. Speaking in interest.co.nz's Of Interest Podcast, Eaqub, now of economic consultancy Sense Partners, explains why he's now optimistic about the housing market. "I think there is a consensus across the political spectrum that there is a problem, and now we're fighting about what the solutions a...
How long can US resilience last?
August 18, 2022 19:51 - 6 minutes - 5.57 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the US economy still seems to be exhibiting impressive resilience in the face of global and domestic uncertainties. Initial jobless claims in the US last week came in at a similar low level as the prior week at +191,000 leaving 1.427 mln people on these benefits. Thi...
Norwegian loss makes NZ look small
August 17, 2022 19:38 - 3 minutes - 3.66 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the drought in China is compounding their problems, and making their summer holiday break a very uncomfortable one for Beijing officials. But first, the US Fed minutes were released today showing a maintained hawkish view, committed to getting inflation back to its...
Low Yangtze flow may have world-wide impacts
August 16, 2022 19:47 - 4 minutes - 4.43 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the next risk to global supply chains may come from drought in China. But first up today, there was another dairy auction this morning and prices were lower again, for the fifth consecutive time, and the 10th time in the past eleven events. That means from its rec...
China's economy falters, Beijing over reacts
August 15, 2022 19:32 - 6 minutes - 5.56 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news that signals from the world's second largest economy aren't positive with data that is causing alarm both inside and outside the country. Their reactions are also bringing over-reactions. In a dramatic online posting, Chinese media have unofficially announced that ...
China faces a liquidity trap
August 14, 2022 19:31 - 5 minutes - 4.81 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news China seems to be moving into a classic liquidity trap situation. Chinese banks extended ¥679 bln in new yuan loans in July, the lowest reading in three months and well below ¥1.08 tln a year earlier. The level also disappointed investors which were expecting an expa...
Battlefield gains mount in inflation fight
August 11, 2022 19:52 - 5 minutes - 5.37 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news bond curves are steepening again as progress in the fight against inflation shows some promise. American producer prices actually fell in July from June, an unexpected dip. There are now +9.8% higher than the same month a year ago, and that is much less than the +11....
Geof Mortlock: New Zealand is finally poised to get deposit insurance. So what will it mean?
August 10, 2022 23:55 - 32 minutes - 30 MBNew Zealand is poised to end its role as an international outlier when it comes to deposit insurance. The Deposit Takers Bill is expected to be introduced to Parliament in the third quarter of this year. Included within it are proposals for a depositor compensation scheme to cover bank depositors in the event of bank, or non-bank deposit taker such as a building society, failing. Depositors will be covered for a total of $100,000 per institution, per depositor. Speaking in interest.co.nz's...
US inflation eases
August 10, 2022 19:44 - 5 minutes - 5.23 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the NZD has leaped, and an aggressive risk appetite is back in favour on equity markets, as the perception grows that the global inflation surge is past its peak and will ease from here. But so far, the bond market isn't so sure and seems to be sitting this one out....
OECD growth momentum leaking away
August 09, 2022 19:46 - 4 minutes - 3.95 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news rapid wage growth is heaping pressure on American inflation, and undermining their labour productivity. But first, last week may have been a turning point for American retail sales with the weekly Redbook survey reporting an unusual softening. It's only one week, ...
Norway hoards hydro electricity
August 08, 2022 19:48 - 4 minutes - 4.08 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news China is duplicating Russia's bully-play of a smaller neighbour, albeit with different means so far. But first, northern hemisphere holidays are in full swing now and financial markets are quiet as a consequence, even if war and geopolitical fights seem to be escala...
Global inflation pressures easing off
August 07, 2022 19:35 - 7 minutes - 6.47 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news global inflation pressures seem to be easing off sharply. First, the benchmark for world food commodity prices dropped sharply in July, with major cereal and vegetable oil prices recording double-digit percentage falls. But meat prices held, and the dairy price fall ...
Raf Manji: Did the RBNZ's Covid-19 response follow a misdiagnosis of the problem?
August 06, 2022 17:55 - 41 minutes - 38.4 MBThe Reserve Bank's response to the Covid-19 pandemic followed a misdiagnosis of the problem, and we ought to use an inquiry to develop a blueprint for managing future challenges, says The Opportunities Party (TOP) Leader Raf Manji. Speaking in interest.co.nz's Of Interest Podcast, Manji says any inquiry into the Reserve Bank's response to the Covid-19 pandemic should be as apolitical as possible. "Let's look at what we did, could we have done things differently, what were the impacts of wh...
Still lots of global trade, just different
August 04, 2022 19:43 - 5 minutes - 4.63 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news global trade may still be happening, but it seems to be happening at a slower pace. But first, last week new US jobless claims were 206,000 which was a small decrease from the prior week and now 1.45 mln people are on these benefits, a small rise but still near a rec...
Shannon Barlow: How and why employees hold the power in the labour market and not employers
August 04, 2022 00:19 - 27 minutes - 25.4 MBThe labour market remains tight with an official unemployment rate of just 3.3%, and good pay rises for some workers with private sector hourly earnings up 7.1% in the June year, almost matching the highest inflation in 32 years of 7.3%. It seems as if every business you visit, and every business owner you talk to no matter what industry they're in, is looking for staff. Speaking in the latest episode of interest.co.nz's Of Interest Podcast, Shannon Barlow, the Managing Director of recruitm...
New burst of supply-chain stress
August 03, 2022 19:52 - 5 minutes - 5.36 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news we are probably facing new supply-chain stresses as the fallout over the Pelosi visit to Taiwan echoes over coming months. But first, after declining for eight of the past 12 weeks, and four of the past five weeks, American mortgage applications actually rose last ...
Bond market abandons its fear mode
August 02, 2022 19:37 - 4 minutes - 4.22 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news bond yields are rising sharply today as fears for a hot response in Taiwan seem to recede. Overshadowed this morning by that Pelosi trip to Taiwan, the dairy auction delivered another weak result, down another -5% from the prior event. That means overall prices ar...
Losing altitude everywhere now
August 01, 2022 19:44 - 5 minutes - 5.29 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the world's factories aren't the driving force they once were. But first, hanging over today is an imminent visit by a senior US politician to Taiwan, much to Beijing's fury and accompanying threats. It is a tense flash-point right now. Separately, global factories...
Good data, bad mood
July 31, 2022 19:21 - 6 minutes - 5.89 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the rise in both American personal income and personal spending topped forecasts in June, but bond markets have ignored this strength. But first in China, they said they had an inflow of foreign investment in June of +US24.5 bln in the month. That was their best mont...
Nick Smyth: why financial markets are pricing in interest rate cuts
July 30, 2022 23:05 - 33 minutes - 31.1 MBMarkets and prices for a number of asset classes are currently behaving as they tend to around the time of a recession, says BNZ Interest Rate Strategist Nick Smyth. Speaking in the latest episode of interest.co.nz's Of Interest Podcast, Smyth also says financial markets pricing in Federal Reserve rate cuts as soon as next year, despite the Fed's current aggressive hiking and US Consumer Price Index (CPI) inflation of more than 9%, suggests markets are worried about recession risk. "The m...
Both China and the US face economic issues
July 28, 2022 19:53 - 5 minutes - 4.86 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news both China and the US seem to be facing economic questions at the same time. There are mounting concerns about the giant American economy’s resilience. Inflation is at 40-year highs, home sales are weakening but their red hot labour market has yet to show any sign of...
Fed doubles down, markets yawn at first, then react
July 27, 2022 19:42 - 4 minutes - 4.53 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the global economy is still adjusting to inflation, war, the pandemic and supply-chain issues. First up, the US Fed raised its policy rates by +75 bps to 2.5%, unanimously, very much as expected, and for a second month in a row. While they acknowledged spending and...
'A gloomy and uncertain outlook'
July 26, 2022 19:35 - 5 minutes - 4.63 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the global economy is slowing amid 'a gloomy and uncertain outlook'. The IMF lowered its growth forecasts for the global economy to +3.2% in 2022 from +3.6% in its April review, while the outlook for inflation was revised higher due to a surge in food and energy p...
Bond markets bet Fed hikes won't stick
July 25, 2022 19:42 - 4 minutes - 3.87 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news investors are now betting that the US Fed will need to cut rates in 2023, and that is twisting the global bond market. The Fed is widely expected to raise rates +75 bps on Thursday, so these signals are confusing as markets struggle to make the transition. In the US...
Inverted yields and sinking commodities point to slowdown ahead
July 24, 2022 19:21 - 6 minutes - 5.6 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news bond investors are pricing their yields for a sharp slowdown coming soon with some key yields getting more inverted. Attention is shifting to what the US Fed will announce on Thursday. But first up, Japan reported June CPI inflation at the end of last week with their...
Rick Jones: How big a threat is automation to accountants, and how can you attract young people to the profession?
July 22, 2022 22:00 - 23 minutes - 21.8 MBWe've heard a lot over recent years about jobs and professions where people could be replaced by machines and other forms of technology. Accounting features prominently in this. In the 2017 television programme What Next?, psychologist Nigel Latta suggested that over 20 years the number of accountants in New Zealand would plummet from 17,669 to just 19, with humans being replaced by robots and algorithms. Rick Jones, the New Zealand Country Head for accounting industry body CPA Australia, ...
ECB bursts into action
July 21, 2022 19:43 - 4 minutes - 4.31 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news central bank actions to lean harder against inflation got more pointed today. And that has moved bond markets especially. But first, US jobless claims inched higher again last week and now 1.45 mln people are on these benefits, well off their all-time lows of a month...
Indicators coming in weak
July 20, 2022 19:47 - 5 minutes - 5.21 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news many global indicators are coming in quite weak today. First, American existing home sales dropped -5.4% in June from May to an annual rate of 5.12 mln in June and a two year low and well below market forecasts of a 5.38 mln sales rate. It is the fifth consecutive ...
China's households prepare for tough times
July 19, 2022 19:59 - 4 minutes - 4.57 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news the BA.5 Covid risk is rising 'significantly' and threatens how our economy will operate. But first up today, we need to report another weak dairy auction. It was down -5% in US dollar terms and down -6.3% in NZ dollar terms. The falls were led by SMP which was do...
Markets struggle with negative economic anecdotes
July 18, 2022 19:39 - 4 minutes - 4.15 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news markets are struggling to make sense of a global economy buffeted by many unusual forces. First, Russia has formalised its shutdown of oil and gas supplies to Europe and that is diving a scramble to activate other sources. Then in the US, Apple and Google say that ...
China's economic momentum leaks away
July 17, 2022 19:42 - 7 minutes - 6.62 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news China seems to be inching toward an economic reckoning. But first up today, all eyes will be on the New Zealand CPI inflation rate for the June quarter, which will be released at 10:45am today. It was 6.9% in March and today's consensus expectation is that it will ha...
Is inflation past its peak?
July 14, 2022 19:43 - 5 minutes - 4.63 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the International edition from Interest.co.nz. Today we lead with news there are some indications popping through that inflation pressures might be topping out. But first, American jobless claims rose last week to a bit more than expected, at +241,000 new claims for the week, to put 1,327,000 on these programs and no longer at a record ...