ANZ in NZ take a monthly inflation gauge survey, for October it comes in at 2.9% y/y
- and -0.4% m/m
Comments from the bank on the result:
- kicking Q4 off on a softer note
- However, we think the headline could be understating the underlying pulse
- There was only one area of significant weakness in the Gauge - the recently-volatile accommodation services component - and the number of components to lift in the month hit an 8-year high.
NZD is little changed after opening a very little lower Monday
