- rises 0.3% Q/Q (survey 0.6%, prior 0.3%).
- rises 0.8% Y/Y (survey 1.0%, prior 1.0%).
New Zealand’s annual inflation eased to its lowest level in almost 13 years in the third quarter, falling below the bottom of the central bank’s target band and supporting expectations that rates will be on hold until next year.-rtrs
RBNZ will keep cash rate at 2.5% until September 2013, ASB says. They previously expected a cash rate rise in June. -bbg
UBS says RBNZ will keep cash rate at 2.5% until June (previously forecast March)
NZD/USD trading on session lows at 0.8152/55.
