News

The overall BRC retail sales rate in the UK in June was 1.9%, compared with the previous value of 3.7%.

The annual BRC same-store retail sales rate in the UK in June was 1.7%, which was expected to be 2.7% and the previous value was 3.40%.

Paul Conway, Chief Economist of the Reserve Bank of New Zealand: Recent PMI data have been very positive, prompting an upward revision of the GDPNow forecast.

According to AXIOS: U.S. officials revealed that Trump expressed support for Saudi Crown Prince Bin Salman’s extremely rare military action against the Houthi rebels in Yemen.

Paul Conway, Chief Economist of the Reserve Bank of New Zealand: We do not intend to move to a restrictive policy stance.

Paul Conway, chief economist of the Reserve Bank of New Zealand: The Monetary Policy Committee reached a consensus last week without a vote.

UAE Ministry of Defense: An Indian crew member was killed on the oil tanker and eight others were injured. The fires on both tankers have been brought under control. Reserves the right to respond comprehensively to escalating situations.

According to a Reuters/Ipsos survey, 79% of Americans believe that the United States’ military intervention in Iran will last for a long time.

U.S. President Trump: (EST) There will be another large-scale attack on Iran on Monday night.

Paul Conway, chief economist of the Reserve Bank of New Zealand: If inflationary pressures from the conflict in the Middle East are more persistent than expected, we will respond.

Paul Conway, Chief Economist of the Reserve Bank of New Zealand: Monetary stimulus may need to be further reduced.

Paul Conway, chief economist of the Reserve Bank of New Zealand: Spare capacity in the economy should help limit the pass-through effect.

Paul Conway, Chief Economist of the Reserve Bank of New Zealand: It is encouraging that medium-term inflation expectations remain solid.

Paul Conway, Chief Economist of the Reserve Bank of New Zealand: Monetary policy can prevent primary price effects from turning into secondary inflationary pressures.

Paul Conway, chief economist of the Reserve Bank of New Zealand: Developments in the Middle East over the past week indicate that there are upside risks to our September quarter forecast.

Paul Conway, Chief Economist of the Reserve Bank of New Zealand: Although oil prices have fallen back, the impact of this shock will continue to be felt in the economy for some time.

Paul Conway, Chief Economist of the Reserve Bank of New Zealand: As with all supply shocks, the conflict in the Middle East complicates monetary policy.

Paul Conway, chief economist of the Reserve Bank of New Zealand: Understanding how businesses respond to cost shocks is critical to keeping inflation low and stable.

US President Trump: We hope that the countries we provide help in the Strait of Hormuz will reimburse us for protection costs.

US President Trump: We will fight Iran for a while.