Data issued in New Zealand showed that the consumer price index rose by 0.6% in the first quarter of this year, according to market expectations for a rise of 0.6%, and the index recorded an increase of 0.5% in the fourth quarter of last year.
These data show that inflationary pressures remain entrenched on monetary policy makers at the Reserve Bank of New Zealand, which reinforces the hypothesis that the bank will maintain “high” interest rates for as long as possible this year.
Following the meeting on March 20, the New Zealand Reserve said: Current consumer price inflation remains above the Monetary Policy Committee’s target range, which ranges from 1% to 3%.
While there remain some near-term price pressures, the RBNZ is confident that keeping interest rates at a restricted level for an extended period will return consumer price inflation to the target range this year.

As for Britain, the British economy released the annual consumer price index on Wednesday morning, rising by 3.2% in March, with the lowest pace of increase since September 2021, higher than market expectations that indicated an increase of 3.1%, lower than the previous reading of an increase of 3.4%. %. ‏
The annual consumer price index excluding energy and food was also issued at an increase of 4.2%, higher than market expectations, which indicated an increase of 4.1%, lower than the previous reading, which recorded an increase of 4.5%.
This statement was positive for the pound sterling, as it reduces the possibility of the Bank of England cutting interest rates next June, in light of the entrenched inflationary pressures on monetary policy makers in the United Kingdom.