Soaring NZ retail sales for Q3 2025.
New Zealand Retail Sales +1.9% q/q
expected +0.6%, prior +0.5%
New Zealand Retail Sales Quarterly vs. Year Ago +4.5%
prior +2.3%
Signs of a New Zealand economy getting off the canvas has been welcomed by the Reserve Bank of New Zealand. The Bank pushed the door shut on further rate cuts in is statement/minutes/conference yesterday. Barring a return to poor economic performance, of course.
The new Reserve Bank of New Zealand Governor, Dr Anna Breman, will begin on 1 December 2025. She’s walking into an improved situation.
—
The NZD remained firm on Wednesday trade in Europe and US after jumping here in Asia after the RBNZ announcement:
investingLive Americas FX news wrap 26 Nov:NZD soars on Hawkish Cut/GBP rallies on budget
This article was written by Eamonn Sheridan at investinglive.com.