NZ inflation expectations creep higher in June survey; kiwi gains

Tue, 19 May 2015

By Paul McBeth May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. The consumers price index is seen rising an annual 1.32 percent on a mean basis in the year ahead, up from the 1.11 percent pace seen in the March quarter, while two-year ahead inflation expectations increased to 1.86 percent from 1.8 percent three months earlier, according to the Reserve Bank of...

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