Finally, inflation back over 2 percent midpoint

Friday 21 Apr 17 7:53am
newsroom.pro: Annual inflation finally rose back above the 2 percent midpoint of the Reserve Bank's 1-3 percent target band in the March quarter - five and a half years after it was last above the key level.

Vegetable, petrol and cigarette prices rose sharply, as did rents in Auckland. Underlying inflation picked up slightly, raising questions about whether the central bank will hike interest rates sooner than the end of 2019 -- which it forecast in February. The New Zealand dollar rose around 40 basis points to 70.4 USc after the result, which was slightly stronger than expected. More>

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