From Westpac economists in their Economic Overview (published once a quarter) for New Zealand
- Say the CPI will be down 0.1% in both Q2 and Q3
- Inflation to bounce into the Reserve Bank of New Zealand's 1 -3% target band in 2017
They also suggest that low inflation expectations are a 'major worry' for the RBNZ
-
Last week we saw NZ rate cut expectations trimmed after Governor Wheeler spoke, saying he wanted some more time to assess the data.
-
While I'm on NZ and WPAC
- WPAC have lowered their 2015/16 dairy payout Fonterra forecast to NZ$4 kg (from $4.15 previously forecast)
- And for 2016/17 to $4.60 (from $5.20)
