PREVIEW: NZ 1Q CPI tipped to rise 0.3%, might not spur a May rate cut

Sun, 14 Apr 2019

By Rebecca Howard April 15 (BusinessDesk) - Economists expect inflation remained tepid in the March quarter but are on the fence as to whether it will be enough to spur a May rate cut by the central bank. Economists expect the consumers price index rose 0.3 percent in the three months ended March 31, for an annual increase of 1.7 percent, according to the median estimate from a poll of economists by Bloomberg. That compares to the Reserve Bank's quarterly projection of 0.2 percent for an annual rise of 1.6 percent. The data is due Wednesd...

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