N.Z. Inflation Slows, Gives RBNZ Scope to Prolong Rate Pause
This article is for subscribers only.
New Zealand inflation in the third quarter slowed more than economists and the central bank forecast, giving Governor Graeme Wheeler scope to keep borrowing costs unchanged for longer. The currency fell.
The consumers price index rose 1 percent in the third quarter from a year earlier, after increasing 1.6 percent in the previous period, Statistics New Zealand said in Wellington today. That’s less than the 1.3 percent expected by the Reserve Bank of New Zealand and the 1.2 percent median forecast.