RESEND: NZ inflation likely to pick up as labour market pressures emerge, English says

Sat, 15 Nov 2014

(Fixes garble in third paragraph quote) By Tina Morrison Nov. 16 (BusinessDesk) - New Zealand inflation, which unexpectedly fell to the bottom of the Reserve Bank's target band in the third quarter, is likely to pick up again as pressures emerge in the labour market, Finance Minister Bill English said. Economists have pushed out their expectations for New Zealand interest rate hikes after a report last month showed consumer prices rose at an annual rate of 1 percent, lagging the Reserve Bank's 1.3 percent forecast. The bank aims to kee...

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