NZ inflation expectations dwindle as shine taken off economic growth

Tue, 19 Aug 2014

By Jonathan Underhill Aug. 19 (BusinessDesk) - New Zealand businesses see a tamer track for inflation over the next two years as they trim their expectations for economic growth, suggesting the central bank doesn't have to rush to raise interest rates again. The consumers price index is seen rising at an annual 1.96 percent on a mean basis in the year ahead, down from the 2.08 percent rate seen three months ago, according to the Reserve Bank's survey of expectations. Two-year inflation expectations fell to 2.23 percent from 2.36 percent....

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