MR - Experts Views
Little evidence the RBNZ needs to aggressively raise rates
Friday 16th of July 2010
The consumer price index rose 0.3% in the three months ended June 30, slowing from a 0.4% pace in the first quarter, according to Statistics New Zealand. Economists had expected a 0.5% increase, based on the median in a Reuters survey, with forecasts ranging from 0.3% to 0.8%. Annual inflation was 1.8%, slipping from 2% in the 12 months through March 31.
The New Zealand dollar fell to 72...
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