Yonhap Infomax NewsNew Zealand's first quarter inflation held at 3.1% year-on-year, exceeding the RBNZ's 1-3% target range for the second consecutive quarter and beating market expectations of 2.9%, triggering a sharp rise in 2-year government bond yields to 3.5133% as markets reassess monetary policy outlook.
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https://en.infomaxai.com/news/articleView.html?idxno=116580
New Zealand Inflation Exceeds Central Bank Target Range for Second Straight Quarter, Bond Yields Surge
New Zealand's first quarter inflation held at 3.1% year-on-year, exceeding the RBNZ's 1-3% target range for the second consecutive quarter and beating market expectations of 2.9%, triggering a sharp rise in 2-year government bond yields to 3.5133% as markets reassess monetary policy outlook.