Looks like the Kiwis are experiencing the lag in real time…

Unemployment up to 4.3% from 4%, still no cuts from the RBNZ

#MacroEdge

【要人発言】RBNZ副総裁「本日の経済指標は、労働市場の冷え込みの傾向を裏付ける」

※発言の全文は画像をタップ/クリックしてください。

#FX #要人発言 #OANDA

【要人発言】RBNZ副総裁「労働報告は雇用不安のリスクを示している」

※発言の全文は画像をタップ/クリックしてください。

#FX #要人発言 #OANDA

本日のFX！
★5月1日(水)の為替相場の注目材料と指標ランク
👉5月月初め最初
👉🇺🇸決算発表相次ぐ
.
▼06時00分
🇳🇿RBNZ金融安定報告書公表
▼07時45分
🇳🇿第1四半期失業率＆就業者数
▼10時00分
🇳🇿オアRBNZ総裁の記者会見
▼21時15分
🇺🇸ADP雇用統計
▼23時00分
🇺🇸ISM製造業景況指数
🇺🇸JOLTS求人

Quite incredible financial stability report from RBNZ, it basically says:
'Yeah, we're destroying the economy because we think too many people have jobs... but, don't worry about it, the banks are going to be OK'.
What the hell are we doing?
Link in reply...

Just for context...NZ unemployment rate is rising as expected as RBNZ raised rates to fight inflation and driven lower growth and deflate asset prices. Apart from boom time, they average above 5% over long term history. You can't fight inflation and have boom time jobless! 🤔

Couple of interesting charts from the RBNZ Financial Stability (FiNanCiaL sTabiLiTy) Report

Latest dump of RBNZ mortgage data is out - few quick thoughts 🧵
Note opposing dynamics in 2020/21: One group (the cans) paying debt off quickly before rate rises, and another group tempted into the housing boom by low rates and the chance to own a weatherboard goldmine [1/n]

Our kiwi friends are doing it tough. Employment will probably get worse. Chances of a RBNZ rate cut rise to 87% for November.
· New Zealand's jobless rose to a 3-year high, rising to 4.3% in the first quarter (vs 4.2% expected & up from 4%) as employment unexpectedly fell.
·

The Q1 labour market data was weaker than our expectation. The unemployment rate rose from 4.0% to 4.3%, above our and the RBNZ’s forecast of 4.2%. bit.ly/ANZ-Labour-Mar…

#تقرير #الاستقرار المالي من #البنك #الاحتياطي #النيوزيلندي #RBNZ : زيادة الدخل الاسمي تساعد #الأسر على الانتقال إلى معدلات فائدة أعلى

fxstreet.page.link/ihy3tsWyx6ns4w…

Interesting explainer article on interest (linked later) about how much $ the Bank of Australia is throwing at commercial banks to keep interest rates up. Here's the same data for RBNZ.
In the last two years, $4.5 billion of public money has gone on this madness. Why? [🧵1/n]

The Q1 labour market report came out close to expectations. I think this outcome will be a relief to the RBNZ as it confirms the labour market is heading in the right direction. Concerns that the report would be stronger raising concerns of more tightening were not realized.

NZ private sector wages track behind cost of living increases with a 3 - 6 month lag (~85% correlation). No big surprise there. When the cost of living goes up, workers push for matching wage increases.
But, what happens when prices go up too quickly and RBNZ wake-up? [🧵 1/n]

Hello! Meet ice bear, he was a gift from someone special and has been with me since day one in Manila. Today, I will be donating him, hoping he can bring comfort and joy to someone else just as he did for me. #FEUSBNUTalk

RBNZ press conference imminent - live link
forexlive.com/centralbank/rb…

【要人発言】
ホークスビーNZ準備銀行RBNZ副総裁
「労働報告は雇用不安のリスクを示している」

nawala tutok q yamot

#Bitcoin 🎧 The Economic Violence of the New Zealand State and the RBNZ with Ben Jarvie: submitted by /u/TTOVpodcast
[link] [comments] dlvr.it/T68xLt follow for more!

Dave Ruston Its not insider trading per se, as this is precisely how the Public Finance and RBNZ Acts are literally written. Roger Douglas and Co circa 1989 came up with this monster. A more accurate description is 'Flawed Legislation' causing inflation when it was supposed to arrest