CPI in New Zealand last quarter had a bit of zip in core measures, says ANZ

Market news

17 July 2018

CPI in New Zealand last quarter had a bit of zip in core measures, says ANZ

But not enough to get the market excited about an imminent change in monetary policy. "If inflation materializes as we expect, the RBNZ will eventually increase" rates, "but that's a long way away yet and any moves will be gradual."

RBNZ measure of core inflation 1.7% y/y (1.6% prior). NZD/USD trading around 65 pips higher on the asian session

RBA minutes: Board saw "no strong case" for a near-term move in interest rates

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