NZD little changed after the Q4 CPI data

  • AKA "is this thing on?"

The New Zealand dollar has barely shifted on the inflation data:

The y/y rate, at 5.9% (a beat of the expected 5.7% and well up on Q3's already high 4.9%) is the highest for over 31 years. The Reserve Bank of New Zealand is on a tightening path and will remain so, perhaps even more aggressively, after this data.

NZD:

nzd chart cpi 27 January 2022

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