New Zealand’s Q3 CPI 1.8% qtr/qtr (expected 2.0%; last 1.1%); 5.6% yr/yr (expected 5.9%; last 6.0%)
New Zealand reported cooler than expected CPI for Q3, boosting expectations for the Reserve Bank of New Zealand to hold its official cash rate steady at the next meeting.
Westpac and ANZ now expect that the next hike will come in February instead of later this month.