UPDATE: NZ inflation steady at 0.3% in 2Q; kiwi falls as rate hikes questioned

Tue, 15 Jul 2014

(Adds economist comment) By Jonathan Underhill July 16 (BusinessDesk) – New Zealand inflation held steady in the second quarter compared to the first-quarter pace as gains in prices of electricity, home rentals and new houses were partly offset by cheaper package holidays, vehicles and liquor. The New Zealand dollar fell as traders mull the future interest rate track. The consumers price index was unchanged at 0.3 percent, for an annual rate of 1.6 percent, according to Statistics New Zealand. That’s below the 0.4 percent quarterly and...

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