Although New Zealand inflationary pressures are subdued, the central bank is increasingly concerned about surging regional house prices and household credit growth. Thursday's policy statement made that very clear, and RBNZ Deputy Governor Spencer has already floated the idea of deploying macro-prudential tools to prevent house price bubbles.
Forex: USD/CHF trading at 0.9048/49 following US data
The broad decline of the USD/CHF managed to come to a halt as the American session began in anticipation of the US data, after falling below the 0.9100 level and multiple supports during European trading Friday. However in the aftermath of the data, the pair was trading at 0.9048/49, down -0.56% at the time of writing.