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ANZ note that "the ANZ Monthly..........>

NEW ZEALAND
NEW ZEALAND: ANZ note that "the ANZ Monthly Inflation Gauge lifted 0.3% m/m in
June. This saw the Gauge contract -0.5% q/q, suggesting some downside risk to
our Q2 non-tradable CPI pick of 0.0% (out Thursday). Annual inflation in the
Gauge shed another 0.4%pts, now running at 2.4% y/y."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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