Categories: Entertainment

NZ CPI beats expectations and NZD/USD pops to session highs of 0.6525

The Consumer Price Index released by theStatistics New Zealandis out as follows:

  • New Zealand Q4 inflation 1.4% QoQ (expected 1.3%) 7.2% YoY (expected 7.1%)

New Zealand’s consumer price index (CPI) rose 1.4% in the fourth quarter on the prior quarter, above analysts’ forecasts. This compares with a 2.2% rise in the previous quarter. Annual inflation remained stable at 7.2%. Economists polled by Reuters had forecast a 1.3% rise for the quarter, with an annual rise of 7.1%.

NZD/USD rallied to test the 0.6520s.

About NZ CPI

With the Reserve Bank of New Zealand’s (RBNZ) inflation target being around the midpoint of 2%, Statistics New Zealand’s quarterly Consumer Price Index (CPI) publication is of high significance. The trend in consumer prices tends to influence RBNZ’s interest rates decision, which in turn, heavily impacts the NZD valuation. Acceleration in inflation could lead to faster tightening of the rates by the RBNZ and vice-versa. Actual figures beating forecasts render NZD bullish.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Read More

David Carroll

David Carroll is a Journalist at Flaunt Weekly.

Recent Posts

Haiti’s budding musicians hold concert amid ongoing gang violence

Flaunt Weeekly Around the world, it’s time for year-end school concerts and Haiti is no…

2 hours ago

Review: Ada Pasternak gets personal and deep in her ‘I Wish I Never’ music video

Flaunt Weeekly There was Pasternak. Photo Courtesy of Ada Pasternak.Singer-songwriter and multi-instrumentalist Ada Pasternak released…

2 hours ago

‘His death is a great loss’ – President Higgins pays touching tribute to Irish music star’s father after tragic passing

Flaunt Weeekly PRESIDENT Michael D Higgins has paid tribute to the father of a member…

8 hours ago

Hozier Plays the Pogues’ “Fairytale of New York” on Saturday Night Live: Watch

Flaunt Weeekly Hozier returned to Saturday Night Live for the NBC program’s final pre-Christmas episode…

9 hours ago

Our Favourite Queer Artists Made Billboard’s 2024 Top Pop Stars List

Flaunt Weeekly Chappell Roan, Charli xcx and Billie Eilish have all made Billboard’s 10 Greatest…

9 hours ago

Vale James Simpson: Tributes Flow For Musician After Tragic Death

Flaunt Weeekly The Australian music and theatre industry is in mourning this weekend following the…

9 hours ago