RESEND:NZ inflation steady at 0.3% in third quarter, slower than expectations; kiwi drops

Wed, 22 Oct 2014

(fixes typo in headline) By Paul McBeth Oct. 23 (BusinessDesk) - New Zealand inflation was steady in the third quarter of the year, slowing the annual pace of price increases, and raising the prospect of interest rates staying lower for longer after the data fell short of expectations. The New Zealand dollar fell. The consumers price index was unchanged at 0.3 percent in the three months ended Sept. 30 from the second quarter, for an annual pace of 1 percent, according to Statistics New Zealand. The quarterly pace was lower than the 0....

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