New data Inflation Rate QoQ (Q3)
10/15/2024
actual 6, previous 0.4
The event is the "Inflation Rate QoQ (Q3)" for New Zealand (NZ), scheduled for October 15, 2024, at 21:45:00 GMT. The actual inflation rate for the third quarter is reported to be 6%, which is significantly higher than the previous quarter's rate of 0.4%. The estimate for this quarter was 0.7%, indicating a substantial deviation from expectations.This event is considered to have a medium impact on the market, as a higher-than-expected inflation rate can influence the country's monetary policy decisions and potentially affect the value of the New Zealand Dollar (NZD). The significant increase in the inflation rate (1400% change percentage) compared to the previous quarter could lead to market volatility and trading opportunities for investors.
This is not investment advice. Remember to verify the information provided here.
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