Video: Room for a 150bps cut March 12 ?
25th Feb 09, 6:18pm
by
The Reserve Bank of New Zealand said its market Survey of Expectations for the March quarter showed the inflation rate was expected to fall to an annual rate of 2.2%, from 2.8% in the December quarter survey.
The two year inflation rate is expected to fall to 2.3% from 2.7%. This is the first time in 5 years that expectations for the two year rate have exceeded the one year rate.
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