New Zealand Morning Focus

Global markets saw lower bond yields following a softer-than-expected US CPI print, while NZ markets anticipate the RBNZ's Wednesday policy statement.

Key Takeaways

• 1.US CPI inflation was softer than expected at 0.2% m/m in January, supporting the case for Fed rate cuts.
• 2.The Bank of England's Chief Economist Huw Pill adopted a hawkish tone, stating current rates are 'a little too low'.
• 3.New Zealand markets are focused on the upcoming RBNZ Monetary Policy Statement (MPS) on Wednesday, with an on-hold decision expected.

Table of Contents

• Highlights
• Data and events today
• Financial markets
• Global markets overview
• Data/event pulse
• Market snapshot (07:15 NZ Time)
• Key data releases
• What's ahead today
• Key themes and views
• Important Notice

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