S2.E33 - All eyes on employment data

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A big week of data releases in the last seven days are all in some way, shape or form linked to the potential for the official cash rate to increase at the next monetary policy statement release on August 18.

More people in jobs (pre-empting a falling unemployment figure this Wednesday) and strong business and consumer finance - with yet more evidence of increasing inflationary expectations are all pushing the OCR in the same direction - up.

Meanwhile a property market with strong momentum (lending and value growth) will also provide comfort to the RBNZ that a lift in interest rates will be able to be absorbed by mortgage holders.

Keep a look out for the CoreLogic House Price Index (HPI) data out Tuesday 3 August at 6pm.

Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

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