24 January Friday morning in New Zealand will bring the December quarter CPI report
In GMT time it'll be 2145 on 23 January 2020
- expected 0.4% q/q, prior 0.7%
- expected 1.8% y/y, prior 01.5%
A brief summary from ASB 's preview:
- 0.2% qoq (+1.6% yoy) RBNZ November MPS forecast
- We expect firmer tradable CPI prices than the RBNZ
- Core inflation outcomes are expected to remain clustered around 2%.
- Annual inflation could move higher in the coming quarters, but should remain close to the midpoint of the 1-3% medium-term inflation target range.
- We have pencilled in a 25bp cut for 2019, but acknowledge that the odds of the OCR moving lower have subsided in recent months. With inflation well contained and the labour market looking well behaved, the OCR could stay at 1% for a while yet
RBNZ Governor Orr