UPDATE: NZ inflation missing in action in second quarter; kiwi dollar drops

Tue, 18 Jul 2017

(Update recasts lead, adds swap rate move and economist comment) By Rebecca Howard July 18 (BusinessDesk) - New Zealand consumer prices were unchanged in the second quarter, pushing the dollar and swap rates lower as the market pared back expectations the central bank might soon join others - like the Bank of Canada - that have lifted or are expected to lift rates soon. The kiwi dollar dropped to 72.61 US cents after the figures were released from 73.26 cents immediately before Statistics New Zealand said the consumers price index wa...

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