Free Trial

Today's data docket features 2-Year.....>

NEW ZEALAND
NEW ZEALAND: Today's data docket features 2-Year Inflation Expectation out of
New Zealand. The RBNZ, set to deliver its monetary policy tomorrow, already has
the data. In their RBNZ preview, Westpac write the following about the release:
- "Inflation expectations data is released on November 12, and could be very
influential. We will revisit our forecast at that time."
- "The big remaining uncertainty is next week's inflation expectations report,
released on Tuesday. In the August MPS, the Reserve Bank revealed that the drop
in two-year ahead inflation expectations from 2.01% to 1.86% was a big part of
the decision to cut the OCR 50 basis points. The next instalment of the survey
will be critical."
- "The RBNZ knows the result already, whereas we learn about it only the day
before the MPS is released. We are expecting expectations to rebound a bit. If
that is correct, then an on hold OCR decision will look more likely. If,
however, expectations remain low or fall further, then we would seriously
consider switching our call to a cut."

To read the full story

Close

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.