UPDATE: Absence of domestic inflation in NZ provides scope for more rate cuts

Fri, 16 Oct 2015

(Recasts and updates with economist comment) By Paul McBeth Oct. 16 (BusinessDesk) - Domestic, or non-tradables, inflation, stalled in the third quarter, and is expected to remain subdued, leaving the door open for further interest rates cuts by the Reserve Bank. The consumers price index increased 0.3 percent in the three months ended Sept. 30, meeting the Reserve Bank's forecast last month, and slowing from a pace of 0.4 percent in the June quarter, Statistics New Zealand said. The annual pace of inflation was unchanged at 0.4 percen...

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