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New Zealand analysts says "The world war on inflation is being won." RBNZ peak rate lower.

New Zealand analysts says

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

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