NZ inflation expectations slide as growth prospects slow, RBNZ survey

Tue, 25 Nov 2014

By Paul McBeth Nov. 25 (BusinessDesk) - New Zealand businesses have trimmed their expectations for consumer inflation over the next two years as the rosy outlook for a booming economy comes off the boil. The consumers price index is seen rising an annual 1.59 percent on a mean basis in the year ahead, down from the 1.96 percent pace seen three months ago, according to the Reserve Bank of New Zealand's survey of expectations. Two-year inflation expectations were lowered to 2.06 percent from 2.23 percent, and respondents anticipate a 0.26 p...

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