New Zealand Electronic Retail Card Spending YoY (Apr) Y/Y 2% (Prev. 2.7%)

The April retail card spending data from New Zealand shows a year-on-year increase of 2%, down from the previous 2.7%. This deceleration may indicate weakening consumer spending momentum, which could have implications for monetary policy as it suggests less inflationary pressure and potential adjustments in the outlook for future rate hikes.