Headline CPI inflation increased in February to 2.6% year-on-year (y/y), above expectations and up from 1.9% in January. The GST/HST holiday that ended Feb. 15th, played a key role in higher inflation. Not surprisingly given the sales tax holiday, restaurant prices contributed the most to the acceleration in headline CPI in February. Prices for food […]
RBNZ could keep interest rates steady but signal easing sooner rather than later Economic picture shows signs of stress but no red flags yet NZDUSD approaches 0.6060-0.6080 resistance territory NZ employment data sway rate cut bets Q2 employment data from New Zealand exceeded the forecasts, leading to a reevaluation of rate cut expectations and a subsequent bullish movement in NZDUSD. However, […]
The post Will RBNZ Start Cutting Rates Sooner Than Later appeared first on Action Forex.
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