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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MNI (PERTH)
MNI (Perth)
The Reserve Bank of New Zealand's aggressive tightening of policy is yet to be reflected in prospective construction activity, with building consents rising 3.8% in September, according to StatsNZ data released on Tuesday.
Seasonally adjusted building consents of 4,335 rose to their highest since March - retracing a 1.6% decline in August - and third highest level on record. Building consents rose 7% y/y to 50,732.
The RBNZ is expected to consider a 75bp hike at its November 23 policy meeting. (See MNI BRIEF: CPI Shock May Push 75bp Hike On RBNZ Radar)
Robert covers RBA and RBNZ policy and the economy for MNI in Australia.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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