UPDATE: Stronger-than-expected inflation could spur a rethink at the RBNZ

Tue, 16 Oct 2018

By Rebecca Howard Oct. 16 (BusinessDesk) - The Reserve Bank may have to rethink its rate cut option after higher-than-expected third quarter inflation pushed the annual number to just below the mid-point of its target range. The consumers price index rose at an annual pace of 1.9 percent in the three months ended Sept. 30, Statistics New Zealand said. Economists expected an annual increase of 1.7 percent while the central bank had tipped an annual increase of 1.4 percent. Stubbornly weak inflation has let the Reserve Bank keep the offi...

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