New Zealand Q4 inflation data due tomorrow

New Zealand Q4 inflation data is due Wednesday, 24 January 2024 local time in New Zealand:at 2145 GMT, 1645 US Eastern time (on Tuesday, 23 January 2024) Extracts from the CPI preview from Kiwi Bank:expect consumer prices rose a relatively soft 0.5% over the quarterAnnually, we see inflation decelerating to 4.6% from 5.6% - the lowest since June 2021. Our estimate is softer than the RBNZ’s. According to the November round of forecasts, the RBNZ are expecting a 0.8% quarterly rise in prices and the annual rate falling to 5%. Given the data to date, risks to the RBNZ’s forecast appear tilted to the downside. And that’s great news for the RBNZ. Back in November, the RBNZ made very clear their z

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