Although the Q1 CPI print was a touch stronger than we had predicted, we still expect inflation to return to the RBNZ’s 1-3% target band by Q3. However, given uncertainties around the inflation outlook, the balance of risks is now tilted towards the RBNZ cutting rates later than August, as we’re currently forecasting.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services