According to some analysts, the CPI report from New Zealand is likely to show a further slowdown in inflation in the second quarter of 2024. The CPI is expected to rise 0.6% quarter on quarter, the same as the first quarter. It is expected that the annual inflation rate will drop from 4.0% in the previous quarter to 3.5%, slightly lower than the Reserve Bank of New Zealand's forecast of 3.6% in May. The second-quarter inflation data will influence the Reserve Bank of New Zealand's thinking at its next policy meeting in August. Given growing evidence of a slowing economy and increased idle capacity, if the economy unexpectedly weakens, it may prompt policy to turn accommodative. Looking ahead, analysts expect weak demand will cool prices faster than the central bank envisioned, prompting a rate cut in the fourth quarter of 2024.
分析师：新西兰二季度通胀年率可能放缓至3.5%
Analyst: New Zealand's second quarter inflation rate may slow to 3.5% on an annual basis.
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