Adding another response to the earlier data out of New Zealand.
New Zealand Q4 2021 CPI 1.4% q/q ( expected 1.3%)
This via Westpac:
- Inflation pressures are broad-based, boosted by a potent cocktail of strong demand and rising cost pressures,”
- Strong domestic demand means that price pressures could remain elevated even when the current overseas supply disruptions ease.
- This reinforces our expectation for a series of OCR hikes over the coming year
Earlier:
