WPAC forecasting a 50bp Reserve Bank of New Zealand rate hike at the February meeting (22nd)
(not RBA, WPAC tip +25bpfor RBA on February 7)
Follows the inflation data from NZ earlier today:
New Zealand Q4 inflation 1.4% q/q (expected 1.3%) 7.2% y/y (expected 7.1%)
NZ Q4 CPI higher than expected. Later today the RBNZ releases its own CPI data, stay tuned
ANZ New Zealand revise forecasts for RBNZ rate hikes ahead - lower terminal rate seen
New Zealand analysts says "The world war on inflation is being won." RBNZ peak rate lower.
RBNZ's own CPI indicator 5.8% y/y (prior 5.6%) - this is its Sectoral Factor Model
