NZ inflation, interest rate expectations edge higher in RBNZ survey

Thu, 22 May 2014

By Paul McBeth May. 22 (BusinessDesk) - New Zealand inflation is expected to edge,up over the coming year and lead to higher interest rates as the economy gathers momentum, according to the Reserve Bank's latest quarterly survey. The consumers price index is seen rising to 2.08 percent over the coming year and 2.36 percent in the next two, up from 2.03 percent and 2.33 percent respectively, the survey of business managers, conducted by ACNeilson for the Reserve Bank, shows. Inflation is running at an annual pace of 1.5 percent in the Marc...

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