UPDATE: Weak NZ inflation builds case for rate cut next month, economists say

Mon, 18 Jul 2016

(Recasts, adding economist comment) By Paul McBeth July 18 (BusinessDesk) - A slower-than-expected pace of inflation has added to the case for an interest rate cut next month as a strong New Zealand dollar continues to keep a lid on imported prices. Government data today showed the consumers price index rose 0.4 percent in the June quarter from a year earlier, missing the Reserve Bank's estimate of 0.6 percent inflation and tracking below the bank's target band for annual inflation of 1-to-3 percent for the seventh straight quarter. T...

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