NZ dollar gains as rising inflation may create tension for RBNZ

Mon, 15 Oct 2018

By Paul McBeth Oct. 16 (BusinessDesk) - The New Zealand dollar rose ahead of inflation data today which is expected to show rising consumer prices and may make it harder for the Reserve Bank to talk up rate cuts. The kiwi increased to 65.47 US cents as at 8am in Wellington from 65.01 cents yesterday. The trade-weighted index advanced to 71.49 from 71.12. New Zealand's consumers price index probably rose at an annual pace of 1.7 percent in the September quarter, more than the RBNZ's forecast for 1.4 percent. Governor Adrian Orr has le...

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