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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.
NEW ZEALAND
The RBNZ’s measures of business inflation expectations eased in Q1. The 2-year ahead is now at the mid-point of the target band at 2.5% down from 2.8% in Q4 and the 1-year ahead close to the top of the band at 3.2% down from 3.6%, but both are above the RBNZ’s CPI forecasts. The RBNZ also monitors household inflation expectations which are released on February 22. Despite the stronger-than-expected labour market data, the continued moderation in inflation expectations and lower-than-expected Q4 CPI make another hike from the RBNZ unlikely this cycle. We believe that it is more likely to keep rates restrictive for longer rather than tighten again. The next meeting is February 28.
NZ RBNZ business inflation expectations $
Source: MNI - Market News/RBNZ/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.
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