New Zealand Q1 CPI : 0.1% q/q (expected 0.3% and 1.5% y/y (expected 1.7%)

New Zealand inflation data from the January - March quarter 2019

0.1% q/q Much lower than expected

• expected 0.3% q/q, prior 0.1%

1.5% y/y and ditto

• expected 1.7% y/y, prior 1.9%

This keeps the RBNZ rate cut prospect in May very mucha alive. VERY.

Negative for the NZD

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Background, check out the previews posted:

• here
• and another here