Tame NZ inflation expectations may still be too high, RBNZ says

Wed, 10 Dec 2014

By Paul McBeth Dec. 11 (BusinessDesk) - Tame expectations for increases in New Zealand consumer price increases could still be too high, and the Reserve Bank is reviewing the way it assesses non-tradable inflation, which has undershot its estimates. The consumers price index rose at an annual pace of 1 percent in the September quarter, undershooting the Reserve Bank's forecast for a 1.3 percent pace, and the bank today trimmed back its expectations for inflation in the coming year, projecting a gradual rise to 2 percent in late 2016. R...

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