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RBNZ: Weaker CPI doesn’t change much – Deutsche Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at Deutsche Bank, suggests that as far as the RBNZ is concerned, we do not think the weaker than expected Q4 CPI does much to change the landscape ahead of the RBNZ's January OCR meeting, due in the week ahead.

    Key Quotes

    “That said, with price pressure looking softer than the RBNZ had anticipated through to the end of 2015, the door for action at subsequent meetings has widened a little, especially given the persistent weakness in tradables.

    Any case for easing, however, remains conditional on further deterioration in the global economy, and would need to be set against the reasonably solid domestic data pulse in New Zealand over recent months. Notwithstanding this risk, our central view remains that 2.5% will mark the low-point for the OCR this cycle.”
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