ANZ analysts note that New Zealand’s CPI increased 0.7% q/q in Q3, in line with ANZ forecasts, but stronger than the market or RBNZ expected. Key Quotes “Annual inflation moved further away from the RBNZ’s 2% target midpoint, ticking back down to 1.5% y/y from 1.7%. Core measures of inflation moved sideways, short of 2%.” “The RBNZ may find a glimmer of hope in the rise in domestic (non-tradable) inflation to 3.2% y/y. But the RBNZ’s focus will remain on the slowing economy, which will see inflation continue to fall short over the next year. To support the inflation outlook, we’re expecting cuts in November, February, and May, taking the OCR down to 0.25%.” 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 Higher inflation in China and its impact on the outlook – UOB FX Street 4 years ANZ analysts note that New Zealand's CPI increased 0.7% q/q in Q3, in line with ANZ forecasts, but stronger than the market or RBNZ expected. Key Quotes "Annual inflation moved further away from the RBNZ's 2% target midpoint, ticking back down to 1.5% y/y from 1.7%. Core measures of inflation moved sideways, short of 2%." "The RBNZ may find a glimmer of hope in the rise in domestic (non-tradable) inflation to 3.2% y/y. But the RBNZ's focus will remain on the slowing economy, which will see inflation continue to fall short over the next year. To support the inflation outlook,… 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.
