NZ CPI comes in lower than expected. Next week we get AUD CPI … any correlation?
This'll be a topic … now that NZ CPI for Q1 has come in at lower than expected and quite weak
- And increases the potential for an RBNZ rate cut in May
Does this mean the Australian CPI will do the same
- and thus increases the potential for an RBA rate cut in May?
Gonna go out on a limb here and say any correlation between NZ CPI and Oz CPI is tenuous (if it all). Having said that, on any one trial anything can happen.
But, it'll be a topic for sure.
Aussie CPI is due on April 27.
And NZD drop: