* Q3 CPI expected at 1.2% y/y, from 0.7%
* BNZ survey points to LVR hit to housing
* RBNZ’s Spencer talking housing Tuesday
* PSI up at 55.6, good for GDP growth
* Also dairy prices, jobs ads, consumer confidence
* China’s Q3 GDP due Friday
New Zealand’s inflation is weak, steady and strong – depending on which price measure one wants to look at. And while some are picking up, others seem bound to slow, potentially markedly. What’s a poor central bank to do? Well, it seems fair to say that ours has tended to emphasise the weaker elements of “inflation”, as justification for its low-OCR approach to nurturing an economic recovery.
Read the full report: Market Research
BNZ