NZ CPI comes in lower than expected. Next week we get AUD CPI … any correlation?

Author: Eamonn Sheridan | Category: News

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.  
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NZ data:
And NZD drop:

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