New Zealand inflation has held steady in the second quarter despite gains in prices of electricity, home rentals and new houses.
The New Zealand dollar has fallen as traders mull over the future interest rate track.
The consumers price index was unchanged at 0.3 percent, for an annual rate of 1.6 percent, according to Statistics New Zealand. That’s below the 0.4 per cent quarterly and 1.8 percent annual pace forecast in a Reuters survey and broadly in line with the central bank’s expectations.
(Source: The Sydney Morning Herald Online )