Inflation deflated
Everything points to the Reserve Bank waiting for longer before lifting the official cash rate (OCR), which is at 1.75%.
Looking at it on a quarterly basis, the latest inflation data is “flat,” to use the term favoured by economists and Statistics New Zealand.
In fact, it is slightly negative – at 0.1% – for the three months to June.
But of course it is foolish – as Finance Minister Steven Joyce regularly
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Rob Hosking
Tue, 18 Jul 2017
Tue, 18 Jul 2017
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Inflation deflated
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