Treasury sees greater inflationary pressure, higher interest rates

Thu, 14 Dec 2017

By Rebecca Howard Dec. 14 (BusinessDesk) - New Zealand’s Treasury sees greater inflationary pressures and higher interest rates as new government policies lead to a faster pace of economic and wage growth. The policies are “forecast to support a longer period of above-trend economic growth and, consequently, slightly higher inflationary pressure and a stronger monetary policy response,” it said in the half-year economic and fiscal update today. The new policies include the KiwiBuild programme, aimed at delivering 100,000 affordable hom...

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