Logo-color Logo-white

Consumer prices rose by 0.6% in the September quarter. That saw annual inflation fall to 2.2%, the first time it’s been in the RBNZ’s target band since 2021. Inflation has been pulled down by a sharp fall in imported prices. Domestic inflation has been easing, but more gradually. While there were some large quarter-toquarter swings […]

The post NZ CPI Review: The Inflation Dragon is Back in Its Cave appeared first on Action Forex.

previous

Sunset Market Commentary

next

A BoE 25 bps November Cut Priced In

Read More

30/08/2024

EMU August Flash CPI Probably Will Confirm Yesterday Trends from Germany and Spain

Markets Fixed income and FX markets yesterday had to cope with a divergent message from EMU and US data. German and Spanish August headline inflation slowed more than expected (German HICP -0.2% M/M and 2.0% from 2.6% vs 2.2% expected, Spain 0.0% M/M and 2.4% Y/Y from 2.9%). This provides some comfort for the ECB […]
09/05/2024

Bank of England Closing In On Rate Cuts

Summary The Bank of England (BoE) held its policy rate at 5.25% at today’s monetary policy announcement, but offered a dovish outlook that suggests rate cuts are now approaching. The BoE said restrictive monetary policy is weighing on activity in the real economy, is leading to a looser labor market and is bearing down on […]
31/05/2024

Focus for Global Trading on EMU and US Inflation Data Series

Markets The bond market sell-off/curve steepener from earlier this week yesterday ran into resistance. Data were not really high-profile but at least didn’t push a continuation of the ascent in yields. Going into today’s EMU Flash CPI, Spanish May inflation (headline HICP 3.8%, core 3.0%) was close to expectations. US Q1 GDP was slightly downwardly […]