Analysts at ANZ Bank New Zealand Limited (ANZ) noted that the growth outlook has softened recently, but inflation looks set to lift, boosted by a range of cost-push factors. Key Quotes: “This makes the outlook for monetary policy a bit more complicated at present, and focusing primarily on CPI inflation in this environment runs the risk of missing important nuances about the policy response.” “We expect that the RBNZ will be concerned with the underlying trend in inflation and its persistence over the medium term. This means that the RBNZ will be willing to “look through” higher CPI inflation to the extent that it is not expected to be permanent.” “Our expectation is that core inflation will increase towards the 2% target midpoint only gradually and that we will see limited impacts on medium-term inflation expectations as inflation pressures broaden. If inflation evolves as we expect, the OCR will eventually need to rise – but not any time soon. We continue to pencil in late-2019 for a hike, but a lot could happen between now and then.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY getting comfortable near 145.50 with little to drive major moves on Monday FX Street 5 years Analysts at ANZ Bank New Zealand Limited (ANZ) noted that the growth outlook has softened recently, but inflation looks set to lift, boosted by a range of cost-push factors. Key Quotes: "This makes the outlook for monetary policy a bit more complicated at present, and focusing primarily on CPI inflation in this environment runs the risk of missing important nuances about the policy response." "We expect that the RBNZ will be concerned with the underlying trend in inflation and its persistence over the medium term. This means that the RBNZ will be willing to "look through" higher CPI inflation to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
