UPDATE: NZ inflation falls below RBNZ's target, opening delay to rate hikes

Tue, 20 Jan 2015

(Recasts with investor comment) By Paul McBeth Jan. 21 (BusinessDesk) - New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer. The consumers price index fell 0.2 percent in the three months ended Dec. 31, from a quarterly increase of 0.3 percent in the September period, and below expectations for flat prices in the quarter, according to Statistics New Zealand. That slowed t...

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