NZD News

The value of overall credit card spending in New Zealand was down a seasonally adjusted 1.2 percent in December compared to the previous month, the Reserve Bank of New Zealand said on Friday - worth NZ$3.495 billion.

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An index measuring the services sectors in New Zealand posted a score of 57.5 in December, the latest survey from Business New Zealand revealed on Monday.

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2013-01-29 19:00 GMT | [NZD - Official Cash Rate]

• past data is 2.50%
• forecast data is 2.50%
• actual data is 2.50% according to the latest press release

if actual > forecast = good for currency (for NZD in our case)

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RBNZ Holds OCR Steady At 2.50%

The Reserve Bank of New Zealand said on Thursday that it was leaving the country's Official Cash Rate unchanged at 2.50 percent.

This was in line with expectations, and it also marked the 24th consecutive meeting in which the RBNZ had left the rate on hold.
"New Zealand's economic expansion has considerable momentum. Prices for New Zealand's export commodities remain very high, especially for dairy products. Consumer and business confidence are strong and the rapid rise in net inward migration over the past year has added to consumption and housing demand," the bank said in a statement accompanying the decision.

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NZDUSD M5 : 92 pips price movement by NZD - Official Cash Rate news event :

The unemployment rate in New Zealand came in at 6.0 percent in the fourth quarter of 2013, Statistics New Zealand said on Wednesday.

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Food prices in New Zealand jumped 1.2 percent on month in January, Statistics New Zealand said on Friday - after easing 0.1 percent in December.

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The volume of manufacturing activity in New Zealand was up a seasonally adjusted 5.7 percent on quarter in the fourth quarter of 2013, Statistics New Zealand said on Monday - following the 1.3 percent increase in the third quarter.

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New Zealand's gross domestic product added 0.9 percent on quarter in the fourth quarter of 2013, Statistics New Zealand said on Thursday.

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Total credit card spending in New Zealand was up 5.9 percent on year in February, the Reserve Bank of New Zealand said on Friday, coming in at NZ$2.879 billion.

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An index measuring consumer confidence in New Zealand fell 0.8 percent on month in February, the latest survey from ANZ revealed on Friday - posting a score of 132.0.

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New Zealand posted a seasonally adjusted merchandise trade balance of NZ$818 million in February, Statistics New Zealand said on Thursday - representing 18 percent of exports.

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