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NZD/USD: RBNZ Set for Third Jumbo Rate Cut as Inflation Keeps Cooling
New Zealand consumer price inflation came in slightly hotter than both market and RBNZ expectations for the December quarter. However, the overshoot doesn’t appear significant enough to derail expectations for another likely supersized rate cut from the bank in February. Headline inflation rose 0.5% for the quarter and 2.2% over the year—just a tenth above market and RBNZ forecasts. While marginally higher than policymakers anticipated, the annual rate remained unchanged from Q3 and sits within touching distance of the RBNZ’s 2% inflation target midpoint. chart Breaking down the data, non-tradable ... (full story)
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- Posted: Jan 21, 2025 6:32pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 6,150
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