(Bloomberg) -- New Zealand's dollar may rise on a
report today that could show inflation isn't abating quickly,
increasing the chance the central bank will raise interest rates
and boosting demand for the currency.
Non-tradable inflation, a core measure of prices of goods
that aren't influenced by currency fluctuations and fuel costs,
probably rose 4 percent in the year ended June 30, according to
the median estimate of nine economists surveyed by Bloomberg
News. Reserve Bank Governor Alan Bollard may respond by raising
interest rates for the fourth time this year at his next review
on July 26.
Read more at Bloomberg Currencies News
report today that could show inflation isn't abating quickly,
increasing the chance the central bank will raise interest rates
and boosting demand for the currency.
Non-tradable inflation, a core measure of prices of goods
that aren't influenced by currency fluctuations and fuel costs,
probably rose 4 percent in the year ended June 30, according to
the median estimate of nine economists surveyed by Bloomberg
News. Reserve Bank Governor Alan Bollard may respond by raising
interest rates for the fourth time this year at his next review
on July 26.
Read more at Bloomberg Currencies News
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