Published: 2025-01-22T05:00:12.000Z
NZD/USD flows: RBNZ Preferred Inflation Lower
FX Analyst
1
New Zealand Q4 2024 CPI +0.5% q/q and +2.2% y/y
RBNZ's own preferred inflation model 3.1% y/y
The NZ Q4 CPI continue to tread within RBNZ's target range while RBNZ own preferred inflation model is lower at 3.1% y/y from 3.4%. The trajectory aligns with RBNZ's forecast and points towards more easing from the bank.
The NZD/USD is trading 0.33% lower at 0.5669.