Economists expect RBNZ will look through faster pace of inflation

Fri, 12 Oct 2018

By Rebecca Howard Oct. 12 (BusinessDesk) - Rising oil prices, Auckland's regional fuel tax, and a sharply weaker New Zealand dollar are likely to have pushed inflation higher in the third quarter but not enough to ruffle any feathers at the Reserve Bank. Economists expect the consumers price index rose 0.7 percent in the three months ended Sept. 30, for an annual increase of 1.7 percent, according to the median in a poll of 14 economists surveyed by Bloomberg. While that is higher than the Reserve Bank's quarterly projection of 0.4 pe...

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