OctaFX | OctaFX Forex Broker
Open trading account
Back

NZ: Annual inflation likely to slip to 1.8% - ANZ

Liz Kendall, senior economist at ANZ, expects New Zealand’s headline CPI to be flat in the December quarter, and expects annual inflation to slip from 1.9% to 1.8%.

Key Quotes

“Tradable inflation is expected to print at -0.8% q/q, while non-tradable inflation is expected to post a 0.4% q/q rise. We expect that measures of core inflation will track broadly sideways.”

“CPI in line with our expectations would add to the case we see building for a more dovish stance by the RBNZ in February. The RBNZ may take a degree of comfort from the fact that Q4 weakness is expected to be concentrated in tradable inflation. But the medium-term outlook for domestic inflation is more troubling. The RBNZ needs to see accelerating GDP growth to achieve a sustained lift in inflation, and the prospect of that is slipping away.”

Japan Tertiary Industry Index (MoM): -0.3% (December) vs previous 1.9%

Japan Tertiary Industry Index (MoM): -0.3% (December) vs previous 1.9%
Read more Previous

NZ: Electronic card spending fell by 2.3% in December – Westpac

Satish Ranchhod, senior economist at Westpac, explains that New Zealand’s retail spending on electronic cards fell by 2.3% in December, and the print
Read more Next
Start livechat