新西兰元攀升至0.614美元以上，达到两个多月来的最高水平，因为新西兰储备银行在5月份的会议上将官方现金利率保持在5.5%不变，符合预期。政策制定者一致认为，货币政策需要保持限制性，以确保通胀在合理的时间内恢复到目标水平。尽管劳动力市场降温，失业率上升，但较高的住房租金、保险成本、市政费率和其他国内服务被认为是通货膨胀的驱动因素。新西兰储备银行预计，到今年年底，通胀率将回到1-3%的目标范围内。从外部来看，市场现在等待联邦公开市场委员会会议纪要在当天晚些时候发布，以进一步了解美联储的货币策略。

The New Zealand dollar climbed above $0.614, reaching its highest levels in over two months as the Reserve Bank of New Zealand held the official cash rate unchanged at 5.5% during its May meeting, in line with expectations. Policymakers agreed that monetary policy needs to remain restrictive to ensure inflation returns to target within a reasonable timeframe. Despite the labour market cooling off and unemployment rising, higher dwelling rents, insurance costs, council rates, and other domestic services were cited as drivers of inflation. The RBNZ expects inflation to return within the 1-3% target range by the end of the year. Externally, markets now await the FOMC minutes release later in the day for further insights into the Fed's monetary strategy.

新西兰储备银行在2024年5月的政策会议上将其官方现金利率（OCR）稳定在5.5%，连续第七次延长了利率暂停期，并证实了市场预期。政策制定者指出，限制性货币政策缓解了产能压力，降低了消费者价格通胀。尽管该国的总体通胀率在2024年第一季度降至4%的近三年低点，但仍高于1%至3%的目标区间。因此，委员会认为，OCR需要保持在一个限制性水平，以确保通胀在合理的时间范围内恢复到目标范围。与此同时，劳动力市场的压力有所缓解。由于经济活动疲软，企业招聘更加谨慎，而劳动力供应也因最近的高净内向移民而增加。因此，工资增长和国内支出正在放缓，达到更符合委员会通胀目标的水平。

The Reserve Bank of New Zealand kept its official cash rate (OCR) steady at 5.5% during its May 2024 policy meeting, extending the rate pause for the seventh consecutive time and confirming market expectations. Policymakers noted that the restrictive monetary policy has alleviated capacity pressures and reduced consumer price inflation. Although the country's headline inflation eased to a nearly three-year low of 4% in Q1 of 2024, it still remained above the target range of 1% to 3%. Consequently, the committee believed that the OCR needed to remain at a restrictive level to ensure inflation returns to the target range within a reasonable time frame. Meanwhile, labor market pressures have eased. Businesses are hiring more cautiously due to weak economic activity, and the labor supply has increased due to recent high net inward migration. Consequently, wage growth and domestic spending are moderating to levels more consistent with the committee’s inflation target.

在新西兰储备银行今天晚些时候做出利率决定之前，新西兰股市在周三早盘交易中几乎持平于11673点左右。人们普遍预计，随着通货膨胀率持续上升，央行将第七次将现金利率保持在5.5%。在惠灵顿，财政部长威利斯将于下周发布2024年预算，努力平衡税收减免和控制支出，所有这些都是在经济低迷的背景下进行的。投资者还期待着联邦公开市场委员会会议的最新纪要，为美国利率的走势寻找线索。与此同时，Argosy Property和Napier Port Hlds的国内盈利季仍在继续。今天发表他们的报告。此前一天，物流和医疗保健板块的涨幅抵消了工业服务和金融板块的跌幅，交易日表现疲软。Fisher&Paykel Healthcare下跌1.7%，Infratil有限公司下跌4.8，Mercury NZ有限公司（2.0%）和A2 Milk Co.（2.4%）大幅上涨。

Equities in New Zealand were almost flat at around 11,673 in morning trade on Wednesday, ahead of an interest rate decision from the RBNZ later today. The central bank is widely expected to keep cash rates on hold for the seventh gathering at 5.5% as inflation stays elevated. In Wellington, Finance Minister Willis will launch the 2024 budget next week, amid efforts to balance tax relief and rein in spending, all against the backdrop of a sluggish economy. Investors also anticipated the latest minutes from the FOMC meeting, seeking clues for the path of US interest rates. Meantime, domestic earnings season continued, with Argosy Property and Napier Port Hlds. to deliver their reports today. The subdued session followed a weak session the day before, as gains from logistics and healthcare offset losses from industrial services and financials. Fisher & Paykel Healthcare slipped 1.7% and Infratil Ltd. tumbled 4.8 while Mercury NZ Ltd. (2.0%) and A2 Milk Co. (2.4%) moved notably higher.

标准普尔/新西兰元50指数周二下跌0.51%，收于11676点，投资者期待周三新西兰储备银行的政策会议，同时消化最新的企业动态。人们普遍预计，央行将连续第七次将官方现金利率保持在5.5%，因此市场参与者将关注央行何时开始降息的线索。在企业新闻中，Infratil的股价下跌了4.9%，尽管该公司报告其截至3月的息税前利润同比增长了63%，但正在考虑向新西兰投资者发行到期于2031年12月17日的7.5年期无担保次级固定利率基础设施债券。其他指数权重股，如Fisher&Paykel（-1.7%）、Auckland Intl Airport（-0.7%）、Spark NZ（-0.7%。Manawa Energy（-4.5%）、Fletcher Building（-2.7%）、Ryman Healthcare（-1.8%）和Sky Network（-1.5%）也出现了大幅亏损。

The S&P/NZX 50 fell 0.51% to close at 11,676 on Tuesday as investors look forward to the Reserve Bank of New Zealand’s policy meeting on Wednesday, while digesting the latest corporate updates. The central bank is widely expected to leave its official cash rate at 5.5% for the seventh straight meeting, and so market participants will focus on cues about when the central bank will start reducing interest rates. In corporate news, shares of Infratil dropped 4.9%, even after the company reported a 63% year-on-year increase in its EBITDAF for the year ended March, but is considering issuing 7.5-year unsecured, subordinated, fixed-rate infrastructure bonds due Dec. 17, 2031, to New Zealand investors. Other index heavyweights such as Fisher & Paykel (-1.7%), Auckland Intl Airport (-0.7%), Spark NZ (-0.7%), Ebos Group (-0.5%), and Mainfreight (-0.5%) declined. Sharp losses were also seen from Manawa Energy (-4.5%), Fletcher Building (-2.7%), Ryman Healthcare (-1.8%), and Sky Network (-1.5%).