The analysts at Australia and New Zealand (ANZ) banking group offer a list of key event risks due on the cards in the week ahead from the New Zealand docket.
Key Quotes:
“RBNZ Financial Stability Report – May (Wednesday 29 May, 9:00am). We think the RBNZ will prefer to wait and continue to assess the effects of the January easing in LVR restrictions for now, although a further small tweak can’t be ruled out.
ANZ Business Outlook – May (Wednesday 29 May, 1:00pm).
Building Consents – April (Thursday 30 May, 10:45am). Consents have shown strength recently. We expect consents to hold at a high level.
NZ Budget (Thursday 30 May, 2:00pm). The Treasury’s forecasts are expected to show the Government meeting its Budget Responsibility Rules.
ANZ Roy Morgan Consumer Confidence – May (Friday 31 May, 10:00am).
RBNZ Sector Lending – April (Friday 31 May, 3:00pm). Private sector credit growth has gained a little momentum in recent months, but further upside appears limited.”
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