China’s official PMIs showed a return to expansion in March, with Manufacturing PMI rising from 49.0 to 50.4, beating expectations of 50.3 and marking the strongest reading in a year. The rebound snapped two months Read more…
RBA minutes at the Mrach meeting revealed a clear bias toward further near-term tightening, as policymakers judged that inflation remains too high and risks have increased following the recent surge in oil prices. Members noted Read more…
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Hybrid – 16 and 17 March 2026 Members participating Michele Bullock (Governor and Chair), Andrew Hauser (Deputy Governor and Deputy Chair), Marnie Baker AM, Renée Fry-McKibbin, Ian Harper AO, Carolyn Hewson AO, Bruce Preston, Iain Ross AO, Jenny Wilkinson PSM Others participating Sarah Hunter (Assistant Governor, Economic), Brad Jones (Assistant Governor, Read more…
Key Highlights GBP/USD started a fresh decline and traded below 1.3320. It traded below a bullish trend line with support at 1.3290 on the 4-hour chart. EUR/USD remained in a bearish zone below 1.1580. WTI Read more…
New Zealand’s business confidence deteriorated sharply in March, with ANZ Business Confidence falling from 59.2 to 32.5 as geopolitical tensions disrupted the recovery narrative. The decline was even more pronounced in late-month responses, which averaged Read more…
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Japan’s industrial production contracted -2.1% mom in February, matching expectations and marking the first decline in three months. The drop was driven largely by weaker automobile output, with production falling across 12 of 15 sectors. Read more…
Japan’s Tokyo CPI data for March showed further easing in inflation, with core CPI (ex-fresh food) slipping from 1.8% yoy to 1.7% yoy, below expectations of 1.8% yoy. The reading marks the lowest level since Read more…
Business confidence understandably fell in March, particularly later in the month as the consequences of the Middle East conflict for New Zealand became more apparent. Key results, March 2026 Business confidence: 32.5 (Prev: 59.2) Expectations Read more…