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Mkt. sees some chance of RBNZ easing cycle beginning late 2023, but not really until 2024

Yesterday we had New Zealand inflation data:New Zealand Q1 CPI 1.2% q/q (vs. 1.7% expected)RBNZ inflation measure for Q1 2023 5.7% y/y (vs. 5.8% previously) - NZD dips a little moreBNZ comments (in brief) on the data and implications for the Reserve Bank of New Zealand policy path ahead:NZ’s Q1 CPI showed a welcome downside surprise ... well below ... the RBNZ’s top-of-the-range estimate of 1.8%. Annual tradeables inflation of 6.4% was a full percentage point below the RBNZ’s estimate while non... Read More

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Content Topics

Mkt

Sees

Some

Chance

Rbnz

Easing

Cycle

Beginning

Late

2023

Really

Forex

Posted: Apr 20 2023, 22:06

Author Name: forexlive

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