Daily News Update: 08th November 2023
Daily News Update: 08th November 2023
08 November 2023
Wednesday
In a notable development, New Zealand is gearing up to unveil its Inflation Expectations q/q report on Wednesday, November 8th, 2023.
NZD - Inflation Expectations q/q
Anticipated future inflation can trigger real inflation when employees demand higher wages in anticipation of rising prices.
In New Zealand, inflation expectations for the third quarter of 2023 increased to 2.83 percent from the 2.79 percent recorded in the second quarter of 2023. This followed a historical trend, with inflation expectations in the country averaging 2.53 percent between 1987 and 2023. The highest recorded inflation expectation occurred in the third quarter of 1987 at 8.30 percent, while the lowest point was reached in the second quarter of 2020 at 1.24 percent.
The Inflation Expectations q/q data is scheduled for release on Wednesday, November 8th, 2023, at 02:00 AM GMT.
The projected figure for Inflation Expectations q/q stands at 2.6%, signifying a decline from the previous rate of 2.83%.
Last time, the New Zealand Inflation Rate was announced on the 9th of August, 2023. You may find the market reaction graph (NZDUSD M1) below:
Disclaimer: The market news provided herein is for informational purposes only and should not be considered as trading advice.