New Zealand CPI inflation is expected to rise to 1.7% in Q1 – TDS – by hareshmenghani NewZealand CPI RBNZ Banks
“We expect Q1'23 CPI inflation to rise to 1.7% q/q , slightly below the RBNZ's 1.8% q/q forecast but above market consensus at 1.6% q/q. This translates to an annual forecast of 7.1% y/y in between cons +7.0% andat 7.3%. We see upside risks to our forecasts from higher food prices and homebuilding costs following weather related incidents.”
production cuts. Overall, our forecasts suggest that inflation is too persistently high for the RBNZ's liking and warrants another 25bps hike at the May meeting, bringing the OCR to a terminal rate of 5.5%.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian headline CPI is expected to decelerate sharply in March – TDSAnalysts at TD Securities (TDS) offer a brief preview of Tuesday's release of the latest Canadian consumer inflation figures and forecast a sharp dece
Read more »
Rebels holding New Zealand pilot hostage claim they've killed at least 13 Indonesian soldiers | CNNSeparatist rebels in Indonesia's Papua region say they've killed at least 13 Indonesian military soldiers after the army sent troops in search of captured New Zealand pilot, Phillip Mehrtens, who was taken hostage in February.
Read more »
Rebel gunmen attack troops deployed to rescue New Zealand pilotSeparatist gunmen have attacked Indonesian troops who were deployed to rescue a New Zealand pilot taken hostage by the rebels in Indonesia's Papua province, leaving at least 6 dead and about 30 missing, officials say.
Read more »
United plans to expand Australia, New Zealand flights 40% in bet on international travel reboundAirline executives have said international travel demand has been growing strongly.
Read more »