New Zealand inflation is likely to breach the top of the Reserve Banks 1-3% target band for much of the year as the Iran war drives up fuel costs, three of the four major local lenders say, prompting… [+408 chars]
Source: Bloomberg
Business
New Zealand CPI Expected to Breach Target, Rate-Hike Bets Rise
New Zealand inflation is likely to breach the top of the Reserve Bank’s 1-3% target band for much of the year as the Iran war drives up fuel costs, three of the four major local lenders say, prompting traders to bring forward bets on interest-rate increases.
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