FXstreet.com (Barcelona) - New Zealand's 3Q inflation numbers came slightly lower than expected, strengthening the possibility of an OCR cut, says Westpac Bank Chief Economist Dominick Stephens in a research note. However, "we view an OCR reduction as a risk scenario rather than a likelihood." He notes the sof data came after "two quirks that are unlikely to be repeated"--used car prices fell 2.8% and domestic airfares fell 7.8%. "Our concern is that the Canterbury rebuild will boost housing-related inflation, eventually forcing the Reserve Bank to increase the OCR. This story still looks very much on track," says Stephens.