(RTTNews) - A report on New Zealand’s inflation rate tops a busy day of economic data releases for the Australia-New Zealand region.
Statistics NZ issues its report on 3rd quarter consumer prices at 21:45 GMT.

For Q2, consumer prices increased 1.6 percent from the preceding quarter and 4.0 percent over their level of one year before. Most economists are forecasting quarterly inflation to remain at 1.6 percent but for the full year rate to jump to 5.1 percent.

At the same time, Statistics NZ also releases its Food Price Index for September. The report for August showed a 2.7 percent increase.

Across the Tasman, traders get a look at the thinking behind the Reserve Bank of Australia’s latest rate move and assessment of the economy with release of the minutes of the October board meeting at 00:30 GMT. At the October 7 meeting, the RBA lowered its official cash rate by 100 basis points to 6.0 percent, citing conditions in international financial markets that had taken “a significant turn for the worse.”

In related news, RBA Governor Glenn Stevens is scheduled to speak publicly at 01:30 GMT in Sydney.

Also Tuesday, the Australian Bureau of Statistics issues its report on motor vehicle sales for September. The data for August showed a 3.5 percent drop in auto sales from the month before, and a 7.2 percent decline for the full year.

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Posted in Categories: Australia, Economy, New Zealand, Releases.

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