Michael Gordon, senior economist at Westpac, notes that New Zealand’s consumer prices rose by 0.7% in the September quarter, higher than forecast. Key Quotes “Annual inflation dipped to 1.5%, largely due to the variation in fuel prices.” “Non-tradables inflation rose to an eight-year high, demonstrating that easy monetary policy settings in New Zealand are having the desired effect.” “We continue to expect a further cut in the OCR to 0.75% in November, with rates remaining low for an extended period after that.” 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 EU: Annual core CPI ticked up to 1% in September as expected FX Street 4 years Michael Gordon, senior economist at Westpac, notes that New Zealand's consumer prices rose by 0.7% in the September quarter, higher than forecast. Key Quotes "Annual inflation dipped to 1.5%, largely due to the variation in fuel prices." "Non-tradables inflation rose to an eight-year high, demonstrating that easy monetary policy settings in New Zealand are having the desired effect." "We continue to expect a further cut in the OCR to 0.75% in November, with rates remaining low for an extended period after that." 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.
