新西兰财政部长将在未来几周任命一位新的央行行长，在储备银行行长和董事长突然离职后，这增加了人们对稳定的希望。这位即将上任的领导人将面临在经济严重衰退和政治压力日益增加的情况下恢复该行信誉的挑战。临时行长克里斯蒂安·霍克斯比本月表示：“我们面临着对我们作为一个组织的信任和信心的考验。”他强调，该行仍然专注于“在中期内实现低而稳定的通胀，以及一个有弹性和有利的金融体系。”霍克斯比希望永久担任这一职务，因为这场争议还迫使新西兰储备银行主席尼尔·奎格利辞职，而奎格利在财政部长尼古拉·威利斯要求他下台之前辞职。

New Zealand’s finance minister is set to name a new central bank chief in the coming weeks, raising hopes for stability after the sudden departures of both the Reserve Bank’s governor and chairman. The incoming leader will face the challenge of restoring the bank’s credibility amid a deep economic downturn and growing political pressure. “We face a test of trust and confidence in us as an organisation,” interim Governor Christian Hawkesby said this month, stressing the bank remains focused on “delivering low and stable inflation in the medium term, and a resilient and enabling financial system.” Hawkesby, who wants the role permanently, has led since the controversy also forced out RBNZ chair Neil Quigley, who resigned before Finance Minister Nicola Willis could ask him to step down.

周五，新西兰元在上一交易日下跌超过1%，跌至近两周低点后，徘徊在0.598美元左右，因为比预期更严重的经济衰退加强了对储备银行进一步降息的押注。继上一季度修正后的0.9%增长后，6月份季度GDP下降了0.9%，比预测的0.3%下降更糟糕，主要受建筑和制造业疲软以及出口疲软的拖累。市场目前已完全消化了10月份降息25个基点的预期，同时预计有25%的可能性出现更大幅度的50个基点的降息。这也意味着未来将有71个基点的宽松，高于本周初的50个基点。另外，今天公布的数据显示，新西兰8月份的贸易逆差从去年同期的23亿新西兰元收窄至12亿新西兰元，但仍高于市场预期的7亿新西兰元。本周，新西兰元有望下跌1%以上。

The New Zealand dollar hovered around $0.598 on Friday after sliding more than 1% in the previous session to a near two-week low, as a sharper-than-expected economic downturn reinforced bets of more rate cuts by the Reserve Bank. GDP decreased 0.9% in the June quarter, worse than the forecasted 0.3% fall, following a revised 0.9% growth in the previous quarter, mainly dragged by weakness in the construction and manufacturing sectors, alongside softer exports. Markets are now fully priced for a 25bps rate cut in October, while assigning about a 25% chance of a larger 50bps move. They also imply 71bps of easing ahead, up from 50bps at the start of the week. Separately, data out today showed New Zealand’s trade deficit narrowed to NZ$1.2 billion in August from NZ$2.3 billion in the same month last year, though still wider than market expectations of NZ$0.7 billion. For the week, the kiwi is on track for a loss of more than 1%.

新西兰8月出口增长23%，进口持平，赤字为-1.2亿新西兰元。由于进口超过出口的急剧增长，新西兰8月份的商品贸易逆差为12亿新西兰元。由于对主要合作伙伴的强劲出口，商品出口攀升11亿新西兰元，同比增长23%，达到59亿新西兰元。

NZ exports jump 23% in August, imports flat, deficit at NZD -1.2B.New Zealand recorded a goods trade deficit of NZD 1.2B in August as imports outpaced a sharp rise in exports. Goods exports climbed NZD 1.1B, or 23% yoy, to NZD 5.9B, supported by strong shipments to major partners.

NXZ 50指数在周五早盘交易中上涨23点，涨幅0.2%，至13143点，高于前一天触及的两周来的最低水平。这一上涨与华尔街隔夜的乐观走势相吻合，受到美联储降息的支持，并表明年底前将再降息两次。新西兰总理克里斯托弗·卢克森周五发表声明，重申他对尼古拉·威利斯担任财政部长和经济增长充满信心，此后乐观情绪有所增加。在数据方面，尽管比预期的要大，但该国8月份的贸易逆差与去年同期相比有所缩小。通信服务、公用事业和工业板块主要推动该指数上涨，F&C投资（0.9%）、Ebos集团（0.8%）、澳新银行集团（0.5%）、Delegat集团（0.5%，奥克兰国际机场（0.4%）涨幅显著。然而，由于GDP结果令人失望，该指数在上周持平后，将每周下跌0.6%。

The NXZ 50 climbed by 23 points, or 0.2%, to 13,143 in Friday morning trade, moving up from its lowest level in two weeks, touched the day before. The rise tracked an upbeat session on Wall Street overnight, supported by the Fed rate cuts and indicating two additional cuts before the end of the year. Optimism increased following a statement from New Zealand's Prime Minister Christopher Luxon, who reiterated on Friday that he has huge confidence in Nicola Willis as finance minister and in economic growth. On the data front, the country’s trade gap narrowed in August compared to the same month last year, despite being larger than expected. Communication services, utilities, and industrials mainly drove the index, with notable gains from F&C Investment (0.9%), Ebos Group (0.8%), ANZ Group (0.5%), Delegat Group (0.5%), and Auckland International Airport (0.4%). However, the index is heading for a 0.6% weekly fall after being flat the previous week amid disappointing GDP results.