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VIEW: ANZ: CPI Set To Keep RBNZ On Track For Another 50bp Hike


ANZ expect “annual CPI inflation eased to 6.6% y/y, versus 7.3% in Q2. The primary driver of lower inflation is expected to be a roughly 8% fall in the NZD retail price of petrol over the quarter. But core domestic inflation pressures are likely to remain far too strong to give the RBNZ much comfort, and should keep them on track to deliver a sixth consecutive 50bp OCR hike at the November MPS.”

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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