Daily Alert: NZ inflation literally the big one this week

  • We have finalised our longer-term OCR outlook after last Wednesday’s 50bp OCR increase
  • Last Thursday’s release of March Australian employment showed an 18k jobs lift and steady unemployment at its joint lowest rate of 4%
  • Friday night’s April University of Michigan Consumer Sentiment survey showed a sharper than expected jump in sentiment to 65.7, a 3-month high, from 59.4

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