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New Zealand CPI data higher than expected - ASB sees RBNZ staying on sidelines

New Zealand CPI data higher than expected - ASB sees RBNZ staying on sidelines
The New Zealand Q2 inflation data was published earlier from Stats NZ:New Zealand Q2 CPI 1.1% q/q (vs. expected 1.0%)NZD/USD was marked up, but if you check out your charts you'll see it wasn't sustained:NZD marked higher after NZ CPI data higher than expectedASB on the data:core inflation remains stubbornsticky non-tradeables inflation RBNZ will be kept on alert and will hold rates high for a good while to comeRBNZ remains on hold thoughNZD update: This article was written by E... Read More
Posted: Jul 19 2023, 01:36
Author Name: forexlive
Views: 111629

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