牛奶 (Milk) 加自选

第一印象：新西兰储备银行2026年第一季度通胀预期调查。对未来一年通货膨胀的预期从去年年底的2.39%上升到2.59%。鉴于实际通胀也高于预期，短期通胀预期的上升并不奇怪——去年年底，整体通胀率上升至3.1%。

First Impression: RBNZ Survey of Inflation Expectations, Q1 2026.Expectations for inflation one year ahead rose to 2.59%, up from 2.39% at the end of last year. An increase in near-term expectations for inflation wasn't surprising given that actual inflation has also been hotter than expected – headline inflation rose to 3.1% at the end of last year.

澳元/日元在108.00年代中期左右有正偏差，缺乏看涨信心。澳元/日元在108.00年代中期左右有正偏差，缺乏看涨信心

AUD/JPY trades with positive bias around mid-108.00s, lacks bullish conviction.AUD/JPY trades with positive bias around mid-108.00s, lacks bullish conviction

新西兰BNZ制造业放缓至55.2，但预示着持续扩张。新西兰1月份的BusinessNZ制造业表现指数从56.1降至55.2，表明势头略有放缓，但仍牢牢保持在扩张区间。生产从57.5降至56.6，就业从53.7降至52.9，新订单从59.9降至56.4，表明经济活动放缓但仍然稳健。

NZ BNZ manufacturing eases to 55.2, but signals continued expansion.New Zealand's BusinessNZ Performance of Manufacturing Index eased from 56.1 to 55.2 in January, indicating a slight moderation in momentum but remaining firmly in expansion territory. Production slipped from 57.5 to 56.6, employment edged down from 53.7 to 52.9, and new orders cooled from 59.9 to 56.4, pointing to slower yet still solid activity.

新西兰制造业采购经理人指数降至55.2，但预示着稳健扩张（与1月56.1相比）。新西兰制造业在2026年开始站稳脚跟，最新的BNZ–BusinessNZ制造业表现指数显示持续健康扩张。

New Zealand manufacturing PMI eases to 55.2 but signals solid expansion (vs. January 56.1).New Zealand's manufacturing sector began 2026 on firm footing, with the latest BNZ–BusinessNZ Performance of Manufacturing Index showing continued healthy expansion.