Little sign of inflation pressures in the NZ economy

Key highlights 0.3% decline in the CPI over Q4 well below our, the RBNZ and market expectations. Broad-based softening in inflation points to muted inflation pressures in the NZ economy. Result adds to recent developments indicating little urgency for the RBNZ to lift the OCR.     Report prepared by: Christina Leung ASB Economist Phone: +64 9 301 5661 Fax: +64 9 302 0992