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Kaitou Macroeconomics: The New Zealand Reserve Bank will continue to actively ease mmf policy.
On November 20, Glonghui reported that Capital Economics stated that the Reserve Bank of New Zealand will lower the policy interest rate by 50 basis points to 4.25% next week. Economist Abhijit Surya mentioned that with inflation returning to target levels, the labor market rapidly loosening, and economic activity declining, there is ample reason for significant rate cuts. Recent data shows almost no signs of the Reserve Bank of New Zealand slowing down its easing pace. He pointed out that some commentators even called for a 75 basis point cut, due to the unusually long time interval between this meeting and the next one in February. However, the bank indicated that such large fluctuations typically occur during a crisis.
RBNZ Still on Track to Keep Loosening Aggressively -- Market Talk
Household Expectations for Year-Ahead Inflation Steady at 4.1%
According to 'Economy', New Zealand's output PPI increased by 1.5% in the third quarter, while the input PPI rose by 1.9%.
Statistics New Zealand announced that New Zealand's third-quarter Producer Price Index (PPI) for exports increased by 1.5% quarterly, up from 1.1% in the previous period. The annual increase for export PPI was 4.2%. Import PPI rose by 1.9% quarterly, compared to a 1.4% increase in the previous period. The annual increase for import PPI was 5%.