<p>WPAC forecasting a 50bp Reserve Bank of New Zealand rate hike at the February meeting (22nd)</p><p>(not RBA, WPAC tip +25bpfor RBA on February 7)</p><p>Follows the <a href="https://www.forexlive.com/terms/i/inflation/" class="terms__main-term" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa" target="_blank">inflation</a> data from NZ earlier today:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/news/new-zealand-q4-inflation-14-qq-expected-13-72-yy-expected-71-20230124/" rel="follow" target="_self" class="article-link">New Zealand Q4 inflation 1.4% q/q (expected 1.3%) 7.2% y/y (expected 7.1%)</a></p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/nz-q4-cpi-higher-than-expected-later-today-the-rbnz-releases-its-own-cpi-data-stay-tuned-20230124/" rel="follow" target="_self" class="article-link">NZ Q4 CPI higher than expected. Later today the RBNZ releases its own CPI data, stay tuned</a></p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/anz-new-zealand-revise-forecasts-for-rbnz-rate-hikes-ahead-lower-terminal-rate-seen-20230124/" rel="follow" target="_self" class="article-link">ANZ New Zealand revise forecasts for RBNZ rate hikes ahead – lower terminal rate seen</a></p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/new-zealand-analysts-says-the-world-war-on-inflation-is-being-won-rbnz-peak-rate-lower-20230124/" rel="follow" target="_self" class="article-link">New Zealand analysts says "The world war on inflation is being won." RBNZ peak rate lower.</a></p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/rbnzs-own-cpi-indicator-58-yy-prior-56-this-is-its-sectoral-factor-model-20230125/" rel="follow" target="_self" class="article-link">RBNZ's own CPI indicator 5.8% y/y (prior 5.6%) – this is its Sectoral Factor Model</a></p>
This article was written by Eamonn Sheridan at www.forexlive.com.