Official data for Q4 CPI from New Zealand shows inflation firmly in the Reserve Bank of New Zealand's 1 to 3% band.
The RBNZ has a focus on keeping inflation around the 2% midpoint over the medium term.This target is set in the Remit for Monetary Policy, agreed upon between the RBNZ and the New Zealand government, and guides the central bank's interest rate decisions to maintain price stability while supporting sustainable economic growth.The data released today:
While that second measure is slightly above, its moving in the desired direction.
The RBNZ next meet on February 19. Market pricing is around
33% for 25bp rate cutand 67% for a 50bp cut This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about new zealand inflation data today has pricing for an rbnz 50bp rate cut at around 67 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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