Nomura expect the RBNZ may cut their inflation forecasts - say the Reserve Bank of New Zealand will note alack of wage pressures

  • RBNZ will add this to the CPI that was most recently below RBNZ forecasts

Further, Nomura expect today's data to contribute to more selling of the NZD, the bank notes futures data showing long positioning

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For your diaries, the Reserve Bank of New Zealand policy meeting is August 10 (local NZ time)

  • 2100GMT on August 9