Inflation unlikely to go any lower as delationary effects roll out, English says

Thu, 16 Jun 2016

By Paul McBeth June 16 (BusinessDesk) - New Zealand's 0.4 percent annual rate of inflation probably won't go any lower as a slump in oil prices and a cut to the Accident Compensation Corp levies are unlikely to be repeated, Finance Minister Bill English says. The country's consumers price index has been sitting below the Reserve Bank's target range of between 1 percent and 3 percent since September 2014, and cheap oil and a persistently strong currency have continued to stifle local inflation. English today talked down the likelihood of...

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