RBNZ's core inflation measure for Q2 2.2% (prior 2.0%)
The Reserve Bank of New Zealand 'Sectoral Factor Model Inflation Gauge'
- Q1 was 2.0% (revised up from)1.9% y/y
- The RBNZ target band for core inflation is 1-3%
Earlier today we got the official inflation data for Q2:
NZD/USD has traded up after the CPI data earlier in the session and is making a renewed push higher after this RBNZ data release.