Could we be in for another series of lackluster inflation reports from New Zealand?
Our Event Guide for the third quarter of 2024’s Consumer Price Index in New Zealand indicated that while underlying inflation figures are mixed, they are likely to be sufficient to keep the annual CPI within the Reserve Bank of New Zealand’s target range.
Should these figures sustain the RBNZ’s dovish outlook, it’s wise to keep an eye on the support levels for AUD/NZD and NZD/JPY.
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