Stronger-than-expected inflation won't deter November rate cut - economists

Wed, 16 Oct 2019

New Zealand’s stronger-than-expected third-quarter inflation won’t deter the Reserve Bank from cutting interest rates again with most economists expecting a 25-basis point rate cut in November. The consumers price index increased 0.7 percent in the September quarter, bringing the annual rate of inflation to 1.5 percent, slowing from a 1.7 percent pace in June, Stats NZ said. The annual pace of non-tradeable inflation, which focuses on domestic goods and services that don't compete with imports, accelerated to 3.2 percent from 2.8 percen...

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