Lucy Craymer, Dow Jones Newswires
Thursday 19th January 2012 |
Text too small? |
New Zealand's consumer price index fell in the fourth quarter from the previous three-month period for the first time in two years, data released Thursday showed, adding to the likelihood that the Reserve Bank of New Zealand will hold its benchmark interest rate at its current low level for some time yet.
Statistics New Zealand said Thursday the consumer price index fell 0.3% on the quarter in the three months ended Dec. 31, following the third quarter's 0.4% rise. On the year, the index rose 1.8%.
The market had been expecting a rise of 0.3% on the quarter and 2.6% on the year, according to a Dow Jones Newswires poll of 14 economists.
No comments yet
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained