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

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.
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