New Zealand monetary conditions survey from the RBNZ
Inflation expectations for 1 year out 3.02% (from 1.87%)
- for 2 years out 2.27% (from 2.05%)
The Reserve Bank of New Zealand is widely expected to hike its cash rate at the meeting on August 18. This will not dissuade them from doing so. October and December hikes are also expected.
From New Zealand earlier today:
- NZ PM Ardern lays out plan to speed up vaccination rollout
- NZ house price data for July, median +2.4% m/m and +25.1% y/y
- NZ data: New Zealand Food Price (inflation) for July: +1.3% m/m (prior 1.4%)
Upcoming RBNZ meetings:
