Free Trial
CHINA PRESS

China Should Act Early To Avoid Balance Sheet Recession

AUSSIE BONDS

Away From Best Levels

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
RBNZ

The RBNZ's preferred gauge of core inflation (sectoral factor model) accelerated to +4.8% Y/Y in the second quarter, rising further above the upper end of the +2.0%-4.0% Y/Y target range and hitting a new all-time high in data series going back to 1993.

  • The entries for the three preceding quarters have been revised higher and now indicate that the gauge has been in breach of the RBNZ's tolerance band since 4Q2021.
    • 3Q2021 reading revised to +4.6% Y/Y from +4.2%
    • 4Q2021 reading revised to +4.2% Y/Y from +3.8%
    • 1Q2022 reading revised to +3.7% Y/Y from +3.5%
  • The Reserve Bank's assessment from last week's monetary policy review that its "core inflation measures are around 4 percent" now sounds somewhat outdated.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.