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New Zealand inflation data is expected to support the RBNZ on-hold monetary policy

The data is due at 10.45am New Zealand time:2245 GMT6.45pm US Eastern timeBNZ snippet preview of the data:For the Q2 CPI release, the consensus sees inflation again coming in under RBNZ estimates, at 0.9% q/q and 5.9% y/y. The data should reinforce the view that both headline and underlying inflation are heading lower, supporting the RBNZ’s on-hold stance.And, from ANZ, again in brief:The June quarter CPI figures are released next Wednesday. We expect annual inflation to decline to 5.9% in Q2 20... Read More

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Posted: Jul 18 2023, 21:35

Author Name: forexlive

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