No reason for RBNZ to change accommodative policy as inflation fades, kiwi rises

Fri, 02 Feb 2018

By Jonathan Underhill Feb. 2 (BusinessDesk) - The Reserve Bank is expected to leave the official cash rate at 1.75 percent next week and continue projecting very little increase for the next three years because inflation has slowed in an economy that's has been on a faster than expected track. The Monetary Policy Statement next Thursday will provide a new set of forecasts and adjusted are expected because both the currency and inflation aren't where the central bank was expecting back in November and Stats NZ has recalculated its measure...

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