New Zealand Food Inflation YoY (Apr) Y/Y 2.6% (Prev. 3.4%)
The dip in New Zealand food inflation from 3.4% to 2.6% year-over-year is a notable shift, suggesting easing price pressures in the food sector.
Peru Central Bank maintains reference rate at 4/2%%, as expected
Fed's Barr (voter) says smaller Fed balance sheets would likely increase Fed interventions and that reducing liquidity rules to shrink the Fed balance sheet is not a good idea
New Zealand Food Inflation YoY (Apr) Y/Y 2.6% (Prev. 3.4%)
New Zealand Business NZ PMI (Apr) 50.5 (Prev. 53.2)
US Pentagon cancels planned deployment of 4,000 troops to Poland
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This could influence expectations around the Reserve Bank of New Zealand's monetary policy, potentially implying a more dovish outlook if inflation continues to trend downwards. Market participants should consider how this aligns with broader inflationary trends and its potential impact on the NZD and interest rate paths.
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