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Weak NZ Inflation Hints At Rate Cut

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 18, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The New Zealand dollar dropped sharply on Monday after inflation dropped unexpectedly in the second quarter, sliding to 0.4% on both a quarterly and yearly basis, missing projections for both the market and the RBNZ. The market was expecting a read of 0.5%y/y, while the central bank forecasted CPI to[​IMG]

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