NZ CPI Q4 preview: To strengthen case for less hawkish RBNZ - ANZ

FXStreet (Bali) - Today's NZ CPI data, due at 21.45 GMT, should strengthen the case for the RBNZ to drop the explicit tightening bias expressed in December, notes ANZ's Economics Team.

Key Quotes

"Lower prices for fuel and petrol are expected to contribute to a 0.1% fall in consumer prices, with annual consumer price inflation easing to 0.8%. Moderate outturns are expected for non-tradable inflation and the core inflation measures. Amidst building risks from the global scene, this should strengthen the case for the RBNZ stepping away from the explicit tightening bias expressed in December."