NZ inflation seen tame enough to keep interest rates unchanged until March

Fri, 17 Jan 2014

By Jonathan Underhill Jan. 17 (BusinessDesk) – The Reserve Bank and market economists are near agreement that inflation remained tame in the fourth quarter, keeping intact expectations that the official cash rate doesn’t need to rise from a record low until March. The consumers price index fell 0.1 percent in the final three months of 2013, for an annual rate of 1.5 percent, according to a Reuters survey of 11 economists. The Reserve Bank forecast a 0.2 percent decline in the quarter for an annual 1.4 percent in its December monetary policy...

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