NZ inflation expectations edge higher in September quarter

Wed, 08 Aug 2018

By Rebecca Howard Aug. 8 (BusinessDesk) - New Zealand businesses see a slightly faster pace of inflation in the coming year but expectations remain anchored around the middle of the central bank's target range, adding to the view the official cash rate will stay on hold with a flat forward track at tomorrow's review. The Reserve Bank's survey of expectations shows firms see the consumers price index reaching 1.86 percent over the coming year, up from 1.80 percent predicted in the June quarter, although still higher than the current 1.5...

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