RBNZ's Wheeler sees 'continued strong economic growth', higher inflation, but with some risks

Wed, 07 Dec 2016

By Jonathan Underhill Dec. 8 (BusinessDesk) - Reserve Bank governor Graeme Wheeler says the prospects are good for "continued strong growth" in the New Zealand economy in the next 18 months, with monetary policy accommodative enough to ensure inflation picks up after holding at unusually low levels for two years. “The low point for CPI inflation has probably passed and, supported by the improvement in global commodity prices in recent months, we expect the December quarter 2016 CPI data to confirm that annual CPI inflation is moving back...

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