New Zealand - NZIER lowers inflation forecasts

Omkar Godbole FXStreet Contributor

The New Zealand Institute of Economic Research (NZIER) revised its 2017/18 inflation forecasts to 1.1% from the previous forecast of 1.5%. The inflation is seen rising 1.9% in 2018/19 as opposed to the previous forecast of 2%.

The 2017/18 growth forecast has been revised slightly lower to 2.9% from 3.1%. Meanwhile, 2018/19 growth forecast has been revised higher to 3.4% from 3.1%.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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