PREVIEW: Inflation tipped to remain tepid in June quarter, add to rate cut case

Sun, 14 Jul 2019

By Rebecca Howard July 15 (BusinessDesk) - Inflation is expected to remain tepid in the June quarter, largely boosted by higher fuel prices, and will likely add to the view that the Reserve Bank is poised to cut rates. Economists expect the consumers price index rose 0.6 percent in the three months ended June 30, for an annual increase of 1.7 percent, according to the median estimate from a poll of economists by Bloomberg. The Reserve Bank of the New Zealand is forecasting the same numbers. The data is due Tuesday. The central bank h...

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