ANZ on New Zealand inflation & RBNZ cash rate outlook ... OCR "going nowhere"
ANZ in New Zealand on its inflation measure (ANZ focus on non-tradeable inflation - broadly speaking domestically generated inflation)
- 0.2% y/y % 2.6% y/y
Comments from ANZ:
- Apart from usual monthly variation, inflation is low
- ANZ note more sectors showing rises, fewer showing falls - something to watch
- RBNZ can have an extended break, OCR (official cash rate) not going anywhere