NZ Q4 CPI 0.5% q/q (expected 0.4%) and 1.9% y/y (expected 1.8%)

Final quarter of 2019 inflation data from New Zealand

0.5% q/q for a higher than was forecast (median consensus)

• expected 0.4% q/q, prior 0.7%

1.9% y/y and ditto … for a higher than was forecast (median consensus)

• expected 1.8% y/y, prior 01.5%

The RBNZ was gonna be on hold, even more so now

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For background on this:

• NZD traders - heads up for the inflation report