NZ inflation seen edging above RBNZ mid-point this year, survey shows

Tue, 25 Feb 2014

Feb. 25 (BusinessDesk) – New Zealand inflation will average 2.03 percent in the coming year, just above the mid-point of the Reserve Bank’s target range, as economic growth picks up pace and interest rates rise, according to the central bank’s quarterly survey of expectations. Inflation expectations for the year ahead have risen from 1.94 percent in the December quarter, according to the survey of business managers, conducted by ACNeilson for the Reserve Bank. Expectations for inflation two years ahead barely budged, slipping to 2.33 percent f...

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