RBNZ inflation model arrives at 1.4% y/y in Q4

The Reserve Bank of New Zealand (RBNZ) released its preferred inflation model ('Sectoral factor model') last minutes, following the release of the inflation figures by the New Zealand statistics earlier today, which showed a big-than-expected drop in the CPI numbers.

The RBNZ Q4 inflation arrives at 1.4% y/y, same as that seen in the third quarter 2017.