Reserve Bank of New Zealand (RBNZ) news

The Reserve Bank of New Zealand (RBNZ) is New Zealand's central bank. Its primary function is to maintain monetary and financial stability. The RBNZ uses various monetary policy tools to influence economic activity and support sustainable economic growth in New Zealand.

New Zealand's unemployment rate rises to 4½ high, Kiwi pushes higher

New Zealand posted a soft jobs report for Q2. Job growth declined by 0.1% and unemployment rate ticked up to 5.2%, the highest since 2020. We'll hear from three FOMC members later today, with investors hoping for some insights about the Fed rate path.

06-08-2025 09:45 GMT by Kenneth Fisher

New Zealand employment expected to decline, US ISM Services PMI

New Zealand releases the Q2 employment report on Wednesday and the markets are expecting a -0.1% reading and for the unemployment rate to rise to 5.3% from 5.1%. In the US, the ISM Services PMI is expected to improve slightly to 51.5, which put indicate weak expansion.

05-08-2025 14:00 GMT by Kenneth Fisher