The rebound in CPI inflation in the first quarter increases the chances that the RBNZ won’t cut interest rates to 2.0% at next week’s policy meeting and will instead wait until the meeting in June. By then the RBNZ will know whether or not the rise in actual inflation has raised inflation expectations from their current multi-decade lows.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services