New Zealand Consumer Price Index (CPI) data for the fourth quarter will be released on Tuesday 23 January at 21:45 GMT. The economists of Commerzbank analyze Kiwi outlook ahead of inflation report.
New Zealand's inflation problem still not solved
I doubt New Zealand's inflation problem has been solved. The RBNZ is likely to take a similar stance, unless today's numbers surprise much further to the downside. After all, in recent months it has been one of the G-10 central banks that has been most critical. The most obvious argument is that it has raised interest rates to the highest level (along with the US).
As a result, The RBNZ is unlikely to deviate from its approach at its late February meeting, despite falling inflation, and will continue to send hawkish signals. This should support the Kiwi in the near future.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
