NZ inflation data out today. Noting their rates have dropped down to 4.25%, just under ours. Their economy is struggling. Inflation stopped falling for the first time since 2022 that it hasn't fallen.
The most concerning part is that domestic inflation was up at 4.5%. Petrol dropped by 10%, but oil has since gone up by 10% and AUD/NZD currencies have been belted against the USD.
Even in their struggling economy, terminal interest rates for the medium term are within reach. All while the risk of inflationary policies e.g. tariffs loom. Mortgage affordability for current property prices cannot be sustainable
