New Zealand CPI coming up: what to expect? - ANZ
|Analysts at ANZ explained that they and the market are expecting June quarter CPI figures to show annual inflation easing back to 1.9%.
Key Quotes:
"Core inflation measures should be broadly steady. We can’t see the data shifting the RBNZ from its cautious stance. Forward indicators for inflation remain mixed. The economy is hitting capacity pressures and more anecdotes of wage pressures are emerging; but there is little evidence of this in the hard data just yet."
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