NZ finmin Robertson says New Zealand's short-term inflation challenge is significant

Robertson not really saying anything we don't already know:

• New Zealand's short-term inflation challenge is significant
• the economy is facing capacity constraints, and we will set fiscal policy in place with that in mind

ps, CPI (expectations) data is coming from New Zealand later in the session and could well be a trigger for more aggressive moves from the Reserve Bank of New Zealand:

• Here is what’s on the economic calendar in Asia today