NZD: Inflation print may keep RBNZ tightening bets alive – ING
Par FXStreet Insights Team
Date de publication: 22 Jan 2026 | Date de modification: 22 Jan 2026
ARTICLES POPULAIRES
New Zealand’s fourth-quarter CPI is expected to hold at 3.0% year-on-year, slightly above the RBNZ’s projection and potentially reinforcing hawkish speculation, ING's FX analyst Francesco Pesole notes.
New Zealand’s fourth-quarter CPI is expected to hold at 3.0% year-on-year, slightly above the RBNZ’s projection and potentially reinforcing hawkish speculation, ING's FX analyst Francesco Pesole notes.
NZD supported, preference seen in crosses
"In New Zealand, CPI data for 4Q is released tonight. Expectations are for a 3.0% YoY unchanged headline print, and while our model does suggest some downside risks, we must admit that consensus has had a strong track record for this specific release in the past couple of years."
"That would be 0.3% above the RBNZ projection and a hawkish signal. As usual, non-tradable inflation remains closely watched too and is expected to rise 0.5% QoQ vs the central bank’s 0.4% projection."
"A consensus print should keep hawkish speculation in the NZD swap curve alive and NZD supported. We prefer NZD in the crosses rather than versus USD in the near term."
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Lire la suite
