Westpac has slashed its expectation for New Zealand Q4 CPI inflation to 0.3% from its previous 0.6% forecast.
WPAC cite weaker November data.
NZD/USD down a few tics:
![nzdusd westpac cpi forecast q4 2023](https://images.forexlive.com/images/nzdusd%20westpac%20cpi%20forecast%20q4%202023_id_a7ee48d4-5352-4868-8523-7f554ab8e215_size900.jpg)
If inflation drops away the RBNZ may well not hold rates so high for so long, which is a headwind for NZD at the margin.