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NZD: CPI increased 0.2% in Q1 - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at ANZ, notes that the NZ Q1 CPI increased 0.2% in Q1 and 0.4% y/y, close to expectations.

    Key Quotes

    “Readings of core inflation were also firmer. All up, a low annual headline inflation reading – the sixth successive sub 1% print – is likely to keep the bias towards OCR cuts. Our research suggests that NZ CPI does not provide a reliable guide to Aussie CPI (released on 27 April).”
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