Bond traders are watching next week’s Q3 CPI print for guidance on the RBNZ’s
next move. Markets expect annual inflation close to but slightly below 4% YoY, a
level that keeps policymakers cautious given other signs of economic resilience.
RBNZ meets on Oct. 28. ANZ chief economist Sharon Zollner says NZD weakness
since September and rising international oil prices leave an October rate
increase a still-viable option.