16 Oct 2013
Flash: RBNZ rate hike expectations? - BBH
FXstreet.com (London) - Research teams at BBH noted that the firm New Zealand inflation underscored expectations for a RBNZ rate hike in early 2014.
Key Quotes:
“New Zealand reported Q3 CPI rose 1.4% from a year ago compared with a 0.7% pace in Q2”.
“The market consensus was for an acceleration to 1.2%”.
“The New Zealand dollar has outperformed over the past week and is challenging the multi-month high set in on September 19 near $0.8435”.
“The high for the year was set in April near $0.8675 and that appears to be what many are looking at. Yet part of the recent demand has been linked to foreign demand for the NZD2.5 bln 2030 bond recently issued”.
Key Quotes:
“New Zealand reported Q3 CPI rose 1.4% from a year ago compared with a 0.7% pace in Q2”.
“The market consensus was for an acceleration to 1.2%”.
“The New Zealand dollar has outperformed over the past week and is challenging the multi-month high set in on September 19 near $0.8435”.
“The high for the year was set in April near $0.8675 and that appears to be what many are looking at. Yet part of the recent demand has been linked to foreign demand for the NZD2.5 bln 2030 bond recently issued”.