The New Zealand’s ANZ Monthly Inflation Gauge rose 0.3% m/m (+2.4% y/y) in June with domestic airfares making the largest contribution (0.12%pts), notes the research team at ANZ. Key Quotes “Inflation in the ANZ Monthly Gauge has been tracking sideways after losing momentum earlier in the year.” “In annual terms, the Gauge was up 2.4% in June, slowing from 3.1% in February and below the 12-month average of 2.7%.” “At -0.2% q/q, the Gauge implies a weak non-tradables CPI inflation print in Q2 (scheduled to be published on 17 July). While much of this weakness is owing to earlier monthly outturns, June’s bounce back was much smaller than anticipated, and points to downside risks around our previous (and the RBNZ’s May MPS) expectation of 0.3% q/q (2.4% y/y) for non-tradables inflation in Q2.” 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 US: Modest economic releases overnight – Nomura FX Street 3 years The New Zealand's ANZ Monthly Inflation Gauge rose 0.3% m/m (+2.4% y/y) in June with domestic airfares making the largest contribution (0.12%pts), notes the research team at ANZ. Key Quotes "Inflation in the ANZ Monthly Gauge has been tracking sideways after losing momentum earlier in the year." "In annual terms, the Gauge was up 2.4% in June, slowing from 3.1% in February and below the 12-month average of 2.7%." "At -0.2% q/q, the Gauge implies a weak non-tradables CPI inflation print in Q2 (scheduled to be published on 17 July). While much of this weakness is owing to earlier monthly… Top 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.
