RBNZ sits pat on expectation of renewed inflation, ready to cut if prices don't rise

Thu, 08 Feb 2018

By Rebecca Howard Feb. 8 (BusinessDesk) - The Reserve Bank is ready to cut interest rates if inflation doesn't emerge as expected, but has enough confidence consumer prices will start rising to stay on hold given the murky economic outlook. "We put our numbers together and we feel that given the growth and capacity story" inflation is going to come back, acting governor Grant Spencer told the Parliament's finance and expenditure committee after the bank held the official cash rate at a record low 1.75 percent and signalled it probably wo...

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