Technical Analysis

RBNZ Chief Economist says the Bank is hopeful that inflation has peaked

Reserve Bank of New Zealand Chief economist Conway:

  • As interest rates have risen, there are early indications that the economy is cooling
  • The fall in house prices is expected to slow consumption
  • Era of helpful tradeable inflation may have peaked
  • The RBNZ underestimated the strength of tradable inflation
  • China is no longer the deflationary force it once was

NZD/USD update:

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