Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Q1 RBNZ household survey expectations were mixed and are likely to worry the RBNZ, but at least business ones moderated. In recent research, the central bank found that mean 1-year household expectations had the closest fit with underlying inflation. This was one of the measures in the report that eased, falling to 5.1% from 5.5%. The median was steady at 5% though. Median current inflation perceptions rose 0.1pp to 7.1%, 2-years ahead by 0.2pp to 3.2% and 5-years by 1pp to 3%. The RBNZ meets on February 28 and while we expect them to leave rates unchanged, they are likely to sound cautious and increase expectations of a prolonged hold.
NZ Inflation y/y%
Source: MNI - Market News/Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.