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New Zealand analysts says "The world war on inflation is being won." RBNZ peak rate lower.
Analysis from Kiwi Bank in New Zealand on the CPI data published earlier today:
- The December quarter inflation report was slightly above market expectations, but below RBNZ expectations. The inflation rate held at 7.2%. And price pressures remain intense, for now.
- There were some upside surprises in the basket, particularly airfares. The return of international tourists have enabled some chunky price hikes, with accommodation services up 14%yoy.
- We are seeing the pe... Read More
Posted: Jan 24 2023, 23:41
Author Name: forexlive
Views: 102722