New Zealand inflation slows to 3.7% in Q3, below forecasts, keeping RBNZ hike on track

The miss was too small to shift the policy outlook. Markets still price an October 28 hike as near certain and a cumulative 50 basis points of tightening by the end of February. The kiwi’s dip just below 0.57 suggests traders trimmed only the most aggressive hike bets. Oil is…