Focus on RBNZ announcement & UK CPI figures next week!

March 17, 2017

RBNZ policy decision, key economic data in focus. Next week’s market movers.

Focus on RBNZ announcement & UK CPI figures next week!

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  • In New Zealand, the RBNZ is likely to remain on hold and maintain its dovish bias amid lackluster economic data and elevated uncertainty around global trade.
  • In the UK, CPI figures for February could impact market expectations with regards to near-term policy tightening by the BoE.
  • We also get key economic data from Eurozone, the US, and Canada.

On Monday, we have a relatively light day, with no major events or indicators due to be released.

On Tuesday, the UK will release its CPI data for February. The forecast is for both the headline and the core rates to have risen, something supported by the UK services PMI for the month, which showed that rapidly rising input costs led to the largest increase in prices charged by service providers for eight-and-ahalf years. At the latest BoE gathering, some members noted that they would consider reducing stimulus should there be any further upside news on the prospects for growth or inflation, while Kristyn Forbes actually voted for an immediate hike.

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