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ANZ New Zealand expect RBNZ rate hike in February 2024, previously expected November 2023

ANZ analysts say the weaker-than-expected inflation buys the RBNZ some time.The data ICYMI:New Zealand Q3 CPI +1.8% q/q (+2% expected)ANZ, in brief:We now expect the RBNZ to hike the OCR 25bp in February, rather than November. Annual CPI inflation decelerated from 6.0% in Q2 to 5.6% y/y in Q3, weaker than our forecast of 6.1%, and below the RBNZ’s August MPS forecast of 6.0%. The downside surprise was on the tradables side. Non-tradables inflation came in at 6.3% y/y, slightly above the August M... Read More

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Zealand

Expect

Rbnz

Rate

Hike

February

2024

Previously

Expected

November

Forex

Posted: Oct 16 2023, 23:43

Author Name: forexlive

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