date:May 15, 2014
st 19 per cent, having flagged increased price pressures as a reason behind its shift to tighter monetary policy this year. Governor Graeme Wheeler has hiked interest rates 50 basis points since March in a bid to curb inflation, although Aprils first quarter consumers price index showed a slower-than-expected pace of inflation.
The low level of food price inflation, along with the effects of the high New Zealand dollar on other areas of tradable inflation, are contributing to the overall contai