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NZ Q4 PPIs: Input -1.2% q/q (prior +1.6%), Output -0.8% q/q (prior +1.3%)

Discussion in 'Market News' started by ForexLive, Feb 17, 2016.

  1. ForexLive

    ForexLive Forum Member

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    New Zealand producer price indexes for the final quarter of 2015 more to come - Not usually an immediate FX market mover, but NZD/USD dipping a little on the lower PPIs. Soft data from NZ is being latched onto very quickly as a reason the RBNZ is going to cut rates again soon. This is despite Governor Wheeler saying last week that he will be waiting for February and March data before deciding.

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