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New Zealand Q3 CPI Preview: High inflation could support Kiwi despite broadly downward trend
Stats NZ will release on Monday, October 16, at 21:45 GMT, early Tuesday in New Zealand, the Consumer Price Index (CPI) data for the September quarter. The data could be relevant for the New Zealand Dollar (NZD) and the Reserve Bank of New Zealand (RBNZ), which will hold its next monetary policy meeting on November 28-29. Annual inflation in New Zealand peaked in June 2022 at 7.3%. Price growth has slowed during 2023, coming in at 6% in the quarter to June, but it remains above the target range of the RBNZ, which is set between 1% and 3%. In the second quarter and compared to the previous three-month period, ... (full story)