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
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
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