Markets Fully Price 25bps RBNZ Hike To 3.0% On 28 October Despite NZ CPI Coming Slightly Below Forecasts
NZ Q3 CPI Rises 0.7% Q/Q; Annual Inflation Eases To 3.7% From 4.1%, But Expected To Top 4% Again This Quarter - Core Inflation Remains High; Markets Imply Further Tightening To At Least 3.75% Next Year Vs RBNZ Projection Of 3.2% - NZ Dollar Steady At $0.5705 After Rising 0.3% Overnight To One-Month High - Markets Doubl