RBNZ unlikely to jump the gun with January rate hike on accelerating inflation

Mon, 20 Jan 2014

By Paul McBeth Jan. 21 (BusinessDesk) - Accelerating inflation isn’t expected to sway the Reserve Bank from a March rate hike, as rising consumer prices firm up the outlook of a strengthening economy. Markets were surprised at the strength of today’s inflation data, with the New Zealand dollar climbing 0.8 percent after Statistics New Zealand said the consumers price index increased 0.1 percent in the three months ended Dec. 31, slowing from a quarterly increase of 0.9 percent, according to Statistics New Zealand. That was against a forec...

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