New Zealand Inflation Tipped to Slow Toward RBNZ's Target Band [Yahoo! Finance]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Yahoo! Finance
(Bloomberg) -- New Zealand inflation probably slowed to its weakest in almost three years in the first quarter as high interest rates weigh on the economy. Most Read from Bloomberg Iran's Attack on Israel Sparks Race to Avert a Full-Blown War Israel Versus Iran — What All-Out War Could Look Like Apple Faces Worst iPhone Slump Since Covid as Rivals Rise S&P 500 Breaks Below 5,100 as Big Tech Sells Off: Markets Wrap Beyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROI The consumers price index rose 4% from a year earlier, slowing from 4.7% to its lowest reading since the second quarter of 2021, according to a Bloomberg survey of 17 economists. Prices gained 0.6% from the previous quarter, the survey shows. Statistics New Zealand will publish the report Wednesday in Wellington. While slowing inflation justifies the central bank's strategy, the flipside is an economy that was in recession at the end of last year and faces the prospect of little
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