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New Zealand ANZ Business Confidence Rises to 52.5, Pricing Intentions Reach 52.2 - Action Forex
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New Zealand ANZ Business Confidence Rises to 52.5, Pricing Intentions Reach 52.2 Action Forex
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Eamonn Sheridan
NZ business confidence rises to +53 as pricing intentions hit highest since May
The New Zealand economy is showing resilience amidst rising inflation expectations, as signaled by the latest ANZ Business Outlook survey. With business confidence rising to +53 and a significant 52% of firms planning to raise prices—the highest since May—the Reserve Bank of New Zealand (RBNZ) has little incentive to pivot from its current tightening trajectory. Per the full note [source], the link between business sentiment and crude prices remains crucial, particularly with ongoing geopolitical tensions in the Middle East that could trigger volatility in oil markets, impacting the NZD's strength and overall economic outlook.