Mortgage News
NZ 1st-qtr inflation accelerated less than expected
Tuesday 20th of April 2010
The Consumers Price Index rose 0.4% in the three months ended March 31, for an annual pace of 2%, according to Statistics New Zealand. Economists had expected a 0.6% gain, based on a Reuters survey though the number has printed closer to Bollard's estimate of 0.3%. CPI was -0/2% in the fourth quarter of 2009.
The inflation figures may have a bearing on Bollard's review of monetary policy...
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