Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, notes that New Zealand’s June quarter CPI rose by +0.4%/q, matching TD’s forecast and a pip below mkt at +0.5%. Key Quotes “More importantly, the annual rate of 1.5%/y matched that expected by the RBNZ as published in the May Monetary Policy Statement (MPS).” “Inflation remains below the RBNZ’s 2% mid-point target, and has been for the last six years or so.” “We remain of the view that the next move is up for the cash rate as capacity constraints combined with household-friendly fiscal stimulus (transfer payments and higher wages) point to a substantial pickup in inflation in due course.” “We see inflation reaching 2% by end-2019, a year ahead of the RBNZ, hence stick with +25bp in May 2019 to 2%.” 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 NZ: CPI rose 0.4% in June quarter – Westpac FX Street 5 years Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, notes that New Zealand's June quarter CPI rose by +0.4%/q, matching TD's forecast and a pip below mkt at +0.5%. Key Quotes "More importantly, the annual rate of 1.5%/y matched that expected by the RBNZ as published in the May Monetary Policy Statement (MPS)." "Inflation remains below the RBNZ's 2% mid-point target, and has been for the last six years or so." "We remain of the view that the next move is up for the cash rate as capacity constraints combined with household-friendly fiscal stimulus (transfer payments and higher wages) point… 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.
