New Zealand Q3 consumer price index +1.0% vs PVS Qtr (Reuters poll +1.0%)
+3.0% vs year ago (Reuters poll +3.0%). The RBNZ target band is 1-3%.Consumer price index non-tradables +1.1% vs PVS qtrConsumer price index non-tradables +3.5% vs yr agoCore inflation +0.8% q/q and +2.5% y/y
The Reserve Bank of New Zealand is on a rate cut cycle, the Bank is concerned about growth.
Later today we’ll get the Reserve Bank of New Zealand’s own Sector Factor Inflation model data
2pm New Zealand time0100 GMT / 2100 US Eastern time
This article was written by Eamonn Sheridan at investinglive.com.