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Inflation a hurdle for advisers this year
Tuesday 11th of March 2014
Annual Consumer Price Index (CPI) inflation is back up to 1.6% after dropping to 0.7% in the June quarter last year, the lowest level of inflation since 1999 and below the Reserve Bank’s target range of 1-3%.
In its latest forecast, the BNZ predicted the CPI would rise above the top of the target range, reaching 3.1% by 2016 and forcing the Reserve Bank to hike interest rates.
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