New Zealand Inflation Surprises, Raising Rate Hike Expectations
Updated
Updated · Forex Factory · Apr 20
New Zealand Inflation Surprises, Raising Rate Hike Expectations
52 articles · Updated · Forex Factory · Apr 20
New Zealand's annual inflation held steady at 3.1% in the March quarter, exceeding market expectations and remaining above the Reserve Bank's target range.
Higher energy and domestic costs drove the increase, prompting markets to price in a greater chance of an interest rate hike as early as May.
Despite firm inflation, business confidence weakened, highlighting tensions between persistent price pressures and signs of slowing economic growth.
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