Comments from New Zealand Treasury
via Bloomberg
- says robust economic growth to continue in Q2
- Capacity constraints are tightening
- Expects Q1 was low point in annual inflation cycle
- Dairy prices need to rise to meet H2 forecast
That's an interesting comment on inflation ... makes sense to me .... petrol prices have risen from early year lows ... should put a brake on falling inflation numbers. If the RBA have the same view it may influence their outlook on inflation and could well be a factor in their interest rate deliberations tomorrow. but I am expecting a cut from them tomorrow.
