NZ firms again lower their inflation expectations, see no RBNZ action this year

Tue, 24 Feb 2015

By Jonathan Underhill Feb. 24 (BusinessDesk) - New Zealand businesses have again trimmed their expectations for inflation over the next two years and don't expect the central bank will need to raise interest rates this year. The consumers price index is seen rising an annual 1.11 percent on a mean basis in the year ahead, down from the 1.59 percent rate seen three months ago, according to the Reserve Bank of New Zealand's survey of expectations. Two-year inflation expectations were lowered to 1.8 percent from 2.06 percent and respondents...

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