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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.
(MNI) Melbourne
New Zealand’s headline consumers price index fell to 3.3% y/y in Q2, from 4% in Q1, 30 basis points lower than the Reserve Bank of New Zealand’s May forecasts.
CPI grew at 0.4% q/q. The annual non-tradable inflation rate printed at 5.4% y/y, down from Q1’s 5.8%. Stats NZ noted the quarterly rise in headline CPI was due to housing (rents +1.2% q/q & 4.8% y/y) and utilities (electricity 3% q/q).
MNI reported recently conditions could be favourable for a rate cut following Q3 CPI data. (See MNI: RBNZ Cuts Incoming, Ex Staffers Question OCR Predictions)
Daniel covers the Reserve Bank of Australia and the Reserve Bank of New Zealand and leads the Asia-Pacific team.
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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