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Deutsche Bank - Latest News [Page 4]
Data Flash RBNZ Raises Cash Rate To 5.25%
Wednesday, 17 April 2002, 10:45 am | Deutsche Bank
As widely expected, the RBNZ raised the Official Cash Rate (OCR) by 25 bps to 5.25% following the interim review of monetary policy settings. More >>
Consumer Price Index (Q1 2002)
Tuesday, 16 April 2002, 3:12 pm | Deutsche Bank
Result: The headline CPI rose by 0.6% qoq in Q1, lifting the annual rate to 2.6% - slightly below market expectations. The release showed price pressure in the housing market. More >>
Utilicorp Issues $125 Million Of FRN’s
Friday, 12 April 2002, 3:04 pm | Deutsche Bank
Auckland, 12 April; Deutsche Bank AG New Zealand announced today that it has arranged NZ$125 million of Floating Rate Note Issues for UtiliCorp Finance NZ Company. NZ$100 million of the notes are for 1 year and $25 million of the notes are for 6 months. ... More >>
RBNZ Expected To Hike OCR 25bps to 5.25%
Friday, 12 April 2002, 10:15 am | Deutsche Bank
In its March Monetary Policy Statement (MPS), the RBNZ hiked the OCR by 25bps to 5% and signalled that, based on its economic projections, a further 100bps or so of tightening could be expected by year-end. As discussed in more detail below, we ... More >>
Overseas Merchandise Trade - February, Final
Thursday, 11 April 2002, 1:15 pm | Deutsche Bank
The new information in today's release was the composition of export receipts during February (see table below) and minor revisions to historical trade data stretching back to 1997. More >>
Data Flash Retail Sales - February 2002
Tuesday, 9 April 2002, 2:07 pm | Deutsche Bank
Result: Retail sales rose 1.8% mom, easily beating market expectations of a 0.3% mom rise. More >>
ANZ Commodity Price Index - March 2002
Friday, 5 April 2002, 10:13 am | Deutsche Bank
The historical correlation between the commodity price index and the broader official export price measure suggests that a fall of around 6.5% qoq will be recorded for average export prices in Q1. That compares to our estimate of a 3.5% qoq decline ... More >>
Data Flash (New Zealand) March 2002 in Review
Tuesday, 2 April 2002, 5:16 pm | Deutsche Bank
Perhaps the most significant event for financial markets in March was the change in Fed Chairman Greenspan's testimony between his first and second appearances before Congress. The more upbeat tone of Greenspan's second testimony was prompted by the ... More >>
Data Flash (New Zealand) GDP (Q4 2001)
Thursday, 28 March 2002, 3:05 pm | Deutsche Bank
Result: GDP rose 0.6% qoq in Q4. GDP in Q4 was 2.9% higher than the same quarter a year earlier. Implication for markets: The Q4 outcome was weaker than the RBNZ's forecast of 1.0% qoq (March MPS projection). Although we expect Q1 GDP to exceed ... More >>
Data Flash NBNZ Business Survey - March 2002
Thursday, 28 March 2002, 11:12 am | Deutsche Bank
Result: Confidence rose to +20% (net respondents) from +16%, while firms' assessment of their own activity outlook improved to +41% from +39%. More >>
Building Consents - February 2002
Wednesday, 27 March 2002, 9:32 am | Deutsche Bank
Result: The number of dwelling consents issued rose 12.7% mom in February to be 25.4% higher than a year earlier. A surge in intended apartment construction explains the latest rise. More >>
External Migration - February 2002
Thursday, 21 March 2002, 5:13 pm | Deutsche Bank
Result: A further strong net inflow of migrants was recorded in February but tourist arrivals eased back a little. More >>
RBNZ raises OCR by 25 bps
Wednesday, 20 March 2002, 4:40 pm | Deutsche Bank
Contrary to average market and analyst expectations, the RBNZ increased the official cash rate (OCR) by 25 bps to 5.00% when it released its quarterly Monetary Policy Statement. More >>
RBNZ Raises OCR To 5.00% - Hawkish Statement
Wednesday, 20 March 2002, 9:45 am | Deutsche Bank
Further rates hikes foreshadowed for this year to 6.25% in November. RBNZ appears to still have upside bias, based on strong domestic demand and global recovery. Significant concern about pace of migration in particular. Inflation projected to stay above ... More >>
RBNZ Expected To Remain On Hold Next Week
Friday, 15 March 2002, 1:23 pm | Deutsche Bank
* Our central call remains that the RBNZ will move to a tightening bias when it releases its Monetary Policy Statement (MPS) on 20 March, but not actually raise the Overnight Cash Rate (OCR) until the middle of May. More >>
Food Price Index - Feb 2002
Wednesday, 13 March 2002, 2:25 pm | Deutsche Bank
A sooner than expected fall in fresh vegetable prices together with an unexpected decline in general grocery prices means that we have revised down our forecast of Q1 CPI inflation to 0.6% qoq. More >>
Overseas Trade Indexes - Q4 2001
Tuesday, 12 March 2002, 2:50 pm | Deutsche Bank
Result: The terms of trade fell 2.2% qoq, driven by a 1.8% qoq decline in export prices. Export volumes fell 1.8% qoq while import volumes rose 1.8% qoq, the latter driven by strong growth in capital imports. More >>
Data Flash (NZ) Retail Sales - January 2002
Monday, 11 March 2002, 2:12 pm | Deutsche Bank
Implication for markets: The robust result is consistent with a our view that the RBNZ will soon begin to tighten monetary policy. However, we continue to believe that the market is overly pessimistic in pricing a rate hike before the May Monetary ... More >>
Too soon to buy the NZ front end
Wednesday, 6 March 2002, 5:29 pm | Deutsche Bank
The NZ bill strip is already factoring in an OCR above 7% by the second half of 2003. This looks excessive when one considers the peak in the last tightening cycle (6.5%) and the extra indebtedness of NZ households. More >>
ANZ Commodity Price Index - February 2002
Tuesday, 5 March 2002, 11:17 am | Deutsche Bank
The average foreign currency price of New Zealand's commodity exports rose by 0.8% mom in February. The average price was 4.7% below last year's level. More >>
