Kiwi dollar drops as inflation undershoots Reserve Bank target
Lower petrol prices and international air fares pulled the CPI down in the March quarter.
Nevil Gibson
Wed, 17 Apr 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
The New Zealand dollar dropped a cent against the US dollar after inflation for the March quarter fell below expectations.
Consumer prices rose 0.1% on the December quarter, taking the annual inflation rate down from 1.9% to 1.5%.
This was below the Reserve Bank’s forecast of 0.2% and the
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Nevil Gibson
Wed, 17 Apr 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
