New Zealand inflation knowledge
Earlier than the info, did y’all see the little soar increased for NZD/USD simply prior (a couple of minute) to the info launch? Generally FX is a grimy sport 😉
Information:
- non-tradable costs +1.3% q/q and +4.9% y/y
That y/y end result exhibits for the primary time since March 2021, annual inflation is inside the Reserve Financial institution of New Zealand’s goal band of 1 to three p.c.
Regardless of nonetheless substantial non-tradeable inflation it seems this knowledge will maintain the RBNZ chopping cycle on observe.
