2219 GMT - Some economists think New Zealand's 2Q26 CPI data on Tuesday could show a 4-year high owing to surging fuel prices. Westpac expects annual inflation to rise to 4.1%, twice the level targeted by the Reserve Bank of New Zealand. The chatter this week is therefore likely to be on the prospect of further rate hikes by the central bank. Recent communication has been hawkish, as firms appear ready to quickly pass on rising costs. It's also generally agreed the official cash rate, at 2.50%, remains well below a neutral rate. (james.glynn@wsj.com; X @JamesGlynnWSJ)
(END) Dow Jones Newswires
July 19, 2026 18:19 ET (22:19 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments