RBNZ Q2 core inflation model +2.2% y/y

  • 7/16/2021
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WELLINGTON, July 16 (Reuters) - The Reserve Bank of New Zealand (RBNZ) said on Friday that its sectoral factor model of core inflation rose by 2.2% year on year in the second quarter. The release came after the country’s official statistics agency released figures showing the consumer price index rose 1.3% in the same quarter, beating expectations. The RBNZ has a monetary policy goal of achieving 1 to 3 percent inflation. (Reporting by Praveen Menon; Editing by Jacqueline Wong)

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