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Nov 17 - 12:55 PM

NZD: Eyeing Inflation Expectations - Credit Agricole

By eFXdata  —  Nov 17 - 10:45 AM

Credit Agricole CIB Research discusses tonight's NZ inflation print.

"NZ’s inflation expectations data released Thursday will be an important input into the RBNZ meeting next week. A further rise in 2Y-ahead inflation expectations above the centre of the RBNZ’s 1-3% target band would place more pressure on the RBNZ to normalise its OCR faster," CACIB notes. 

"The NZ rates market continues to price in about a 40% chance of a 50bp rate hike next week and inflation expectations data will affect this pricing and the NZD," CACIB adds

Source:
Crédit Agricole Research/Market Commentary

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