China’s retail sales growth sharply misses estimates in November, deepening consumption worries

China stats bureau spokesperson: China economy stabilised and improved in November China stats bureau spokesperson: conflict between strong domestic supply and weak demand is significant China stats bureau spokesperson: we will enhance counter-cyclical and cross-cyclical adjustments

RBNZ governor Breman: if economic conditions evolve as expected the OCR is likely to remain at its current level of 2.25 percent for some time RESERVE BANK OF NEW ZEALAND GOVERNOR BREMAN: REITERATES FORWARD PATH FOR OCR PUBLISHED IN THE NOVEMBER MPS INDICATES A SLIGHT PROBABILITY OF ANOTHER RATE CUT IN THE NEAR TERM ... RBNZ GOVERNOR BREMAN: THE ECONOMIC OUTLOOK HAS EVOLVED BROADLY SIMILAR TO THE MPC’S EXPECTATIONS ... RBNZ Governor Breman: Financial market conditions have tightened since the November decision, exceeding what is implied by our central projection for the OCR RBNZ Governor speaks on Monetary Policy In media interviews this week, Governor Dr Anna Breman is speaking about New Zealand’s economic outlook and monetary policy settings, as outlined in the November Monetary Policy Statement (MPS). Although Dr Breman was not involved in the preparation of the November MPS, or its post-release communications, this statement is being released to enable equitable access to information. Dr Breman says the November MPS contains a thorough and clearly presented discussion of the Monetary Policy Committee’s (MPC) assessment of economic conditions and the inflation outlook. She also noted that the policy decision and the balance of risks to the outlook are well articulated in the MPC’s summary record of meeting. “One of my priorities as Governor is to promote understanding of our role and decisions. This is especially important at this time given that I have only recently joined the MPC and assessed recent data.”