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NZ CPI downside surprise increases the likelihood that the RBNZ could pause on 24th May

There were two inflation data points from New Zealand for Q1 published yesterday. The one everyone is pointing to:New Zealand Q1 CPI 1.2% q/q (vs. 1.7% expected)And the almost unknown one, preferred by the Reserve Bank of New Zealand:RBNZ inflation measure for Q1 2023 5.7% y/y (vs. 5.8% previously) - NZD dips a little moreMUFG ponder the policy trajectory for the Reserve Bank of New Zealand after the lower inflation numbers: "The latest CPI report revealed that the inflation slowed unexpectedly... Read More

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Content Topics

Downside

Surprise

Increases

Likelihood

That

Rbnz

Could

Pause

Forex

Posted: Apr 21 2023, 00:32

Author Name: forexlive

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