Roger J Kerr says the RBNZ, it appears, are now belatedly recognising the difficulty in reducing the sticky/wage-push domestic inflation that has been running close to 4.00% for many years
S&P500 closes above 5000 for the first time, climbing in 14 of past 15 weeks. ANZ bank releases OCR revision note, calls for 25bps hikes in February & April
NZD peeks back through 61 US cents, unwilling to extend beyond 0.6120's. 4Q NZ jobs data runs hotter than RBNZ forecasts, odds of February hike rise. Markets track sideways amidst a quiet data week, USD consolidates gains
Roger J Kerr says the still-high level of inflation that has declined a bit isn't yet cause for celebration and the RBNZ needs to explore more options to get it lower. But he sees US inflation march lower even if their economic data remains mixed