Low impact

New Zealand's Q3 CPI rose 0.7% quarter-on-quarter, below the 0.8% forecast and down from 1.5% prior, and 3.7% year-on-year, below the 3.8% forecast and down from 4.1% prior.

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

NZD
Pushes down
DaysMedium confidence
Q3 CPI missed forecasts on both QOQ and YOY measures, easing inflation pressure and scope for RBNZ tightening

What could change this

A rebound in broader risk appetite or a sharp move in USD drivers could offset the domestic disinflation signal for NZD.

0.5702+0.33%vs previous close

+0.15%

since this story

Measured from the price when this story was posted to the latest stored price, so it can lag the live price.

This story

10/15, 04:00 AMNow