New Zealand Q4 CPI 1.9% y/y (expected 1.8%)

New Zealand October to December quarter 2018 inflation

0.1 % q/q - comes in higher than expected

• expected 0.0% change q/q, prior 0.9%

1.9 % y/y - also higher than expected

• expected 1.8% y/y, prior 1.9%

NZD has been marked up on the data release and is gaining a little further since. AUD up just a few tics, thus AUD/NZD is down.

Don't forget, at 0200GMT the RBNZ publishes its own inflation data and it can be an NZD mover.

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for background:

• NZD traders - heads up for CPI data due at 2145GMT