New Zealand Q3 terms of trade Q/Q -2.1% vs +0.5% expected

• Prior was +4.1%
• Export volumes +3.4% vs -3.7% prior
• Import prices +0.5% vs +1.0% expected
• Export prices -1.6% vs +0.9% expected

That’s good news on import prices as it will keep the pressure off the RBNZ, which is expected to remain sidelined until next Sept, when the market begins to see a chance of rate hikes.

This article was written by Adam Button at investinglive.com.