New Zealand data, retail sales in Q4 2024.

+0.9% q/q

  • expected +0.6%, prior -0.1%

For the y/y, comes in at +0.2%

  • prior -2.5%

While showing improvement its unlikely the result will sway the Reserve Bank of New Zealand from its easing path. Two to three 25bp rate cuts are expected in the months ahead through July.

rbnz dates 19 February 2025 2
Source: Forex Live