Free Trial

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

RBNZ

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 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.