NZ central bank may give economy more room to run as inflation remains weak

Sun, 13 Mar 2016

By Jonathan Underhill March 14 (BusinessDesk) - The New Zealand economy may have extended its rebound in the fourth quarter, confirming growth accelerated after a weak first half in 2015, although a strong number is less likely to rattle a Reserve Bank intent on fuelling inflation. Gross domestic product rose 0.7 percent in the final three months of 2015, based on market consensus and the Reserve Bank, which is projecting that rate of growth, on average through until March 2019. The economy probably expanded 2.1 percent in the year. Th...

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