NZ: Q3 CPI rose 0.2% - TDS

Research Team at TDS, notes that the NZ’s Q3 CPI rose +0.2%, less than TD and markets expected.

Key Quotes

“The split is tradable inflation flat, while domestic inflation rose +0.3%.  Domestic inflation was driven by higher cost of housing. Annual inflation at 0.2% was in-line with the RBNZ’s projection, so won't derail plans to lower the cash rate next month.”