{"id":57331,"date":"2026-07-21T17:21:14","date_gmt":"2026-07-21T17:21:14","guid":{"rendered":"https:\/\/www.vtmarkets.com\/en-ca\/uncategorized\/nzd-usd-near-seven-week-high-as-new-zealand-q2-cpi-beats-forecasts-boosting-rbnz-hike-bets\/"},"modified":"2026-07-21T17:21:14","modified_gmt":"2026-07-21T17:21:14","slug":"nzd-usd-near-seven-week-high-as-new-zealand-q2-cpi-beats-forecasts-boosting-rbnz-hike-bets","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/live-updates\/nzd-usd-near-seven-week-high-as-new-zealand-q2-cpi-beats-forecasts-boosting-rbnz-hike-bets\/","title":{"rendered":"NZD\/USD Near Seven-Week High as New Zealand Q2 CPI Beats Forecasts, Boosting RBNZ Hike Bets"},"content":{"rendered":"<p>NZD\/USD moved towards a seven-week high after New Zealand\u2019s Q2 CPI came in a touch above consensus, although it was slightly below the Reserve Bank of New Zealand\u2019s May projection. Headline CPI rose 1.5% q\/q versus a 1.4% consensus forecast and the RBNZ\u2019s 1.6% estimate, compared with 0.9% in Q1, with higher petrol prices cited as a driver. Annual inflation accelerated to 4.1% against 4.0% consensus and a 4.2% RBNZ projection, up from 3.1% in Q1, while core inflation rose to the top of the RBNZ\u2019s 1\u20133% target range.<\/p>\n\n<h3>Official Cash Rate Hike and Market Expectations<\/h3>\n<p>The RBNZ lifted the Official Cash Rate by 25bps to 2.50% at its 8 July meeting and signalled further increases. Markets are pricing 60bps of hikes by year-end and, over the next 12 months, 100bps of tightening to 3.50%, which would sit near the top of the RBNZ\u2019s estimated neutral range of 2.20% to 4.10%.<\/p>\n\n\n\n<p><b>Start trading now \u2014 click <a href=\"https:\/\/www.vtmarkets.com\/en-ca\/trade-now\/>here<\/a> to create your real VT Markets account.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"<p>NZD\/USD neared seven-week highs as Q2 CPI beat forecasts; RBNZ hike expectations and tightening bets rose.<\/p>\n","protected":false},"author":87,"featured_media":56709,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-57331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/57331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=57331"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/57331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/56709"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=57331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=57331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=57331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}