‘They don’t have enough’ – schools in England are running food banks for families 
What if the Reserve Bank itself has been feeding inflation? An economist explains 
New EU trade rules could put poor countries in a billion dollar ‘green squeeze’ 
Nigerians throw naira notes around to show love: but it could land you in jail 
Why Africa can be the beating heart of South Korea’s technology industry 
Food prices will climb everywhere as temperatures rise due to climate change – new research 
Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing 
Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks 
Why is the London Stock Exchange losing out to the US 
New Zealand’s headline consumer price inflation for the first quarter of this is expected to come in at 0.4 percent q/q, which would see annual inflation slow from 1.6 percent to 1.0 percent y/y, a touch below the Reserve Bank of New Zealand’s (RBNZ) expectation of 1.1 percent, according to the latest report from ANZ Research.
Nonetheless, evidence of a broadening in domestic price increases beyond housing remains elusive. Core inflation measures are expected to be broadly stable. Policy-induced price rises will be broadly offsetting, with higher tobacco duty offsetting fees-free first-year tertiary education.
The usual annual increase in tobacco excise duty is expected to make a 0.3 percentage point q/q contribution, while the fees-free first-year tertiary education policy will broadly offset this, with a 4 percent fall in the education group instead of its typical Q1 rise.
"We expect a 0.8 percent q/q lift in non-tradable inflation, which would see annual inflation in this measure dip to 2.2 percent. We expect inflation to pick up again over coming quarters. Core inflation measures such as the weighted median and trimmed mean should smooth through this noise," the report added.
Meanwhile, the RBNZ is expected to continue to bide its time until there’s a little more certainty that inflation is set to rise. But with a new Governor, there is naturally more uncertainty than usual, and Mr. Orr’s first Monetary Policy Statement on May 11 will be perused with great interest, despite a clear market expectation of an unchanged OCR for a long time yet.
Lastly, FxWirePro has launched Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
