New Zealand’s Q1 Retail Sales -1.4% qtr/qtr (expected 0.2%; last -1.0%) and Core Retail Sales -1.1% qtr/qtr (expected -1.0%; last -1.6%)
The Reserve Bank of New Zealand raised its official cash rate by 25 bps to 5.50% and indicated that the terminal rate has been reached.
Reserve Bank of New Zealand Raise Rates by 25bp to 5.50%, Kiwi Sells Off on Peak Rate