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UPDATE: Weak NZ inflation builds case for rate cut next month, economists say
(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 toda...
NZ services sector activity slows in June; retail still upbeat
By Sophie Boot July 18 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, slowed in June although it remains in positive territory with retailing one of the strongest industries. The BNZ-BusinessNZ performance of services in...
NZ consumer prices rise 0.4% in second quarter, missing estimates; kiwi dollar drops
By Paul McBeth July 18 (BusinessDesk) - New Zealand consumer prices rose less than expected in the June quarter as cheaper meat and domestic airfares offset a recovery in petrol prices, adding pressure on the Reserve Bank ahead of its unscheduled economic update on Thursday. T...
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