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:

  1. Apart from usual monthly variation, inflation is low
  2. ANZ note more sectors showing rises, fewer showing falls - something to watch
  3. RBNZ can have an extended break, OCR (official cash rate) not going anywhere