Reserve Bank of New Zealand's measure of core inflation at 1.7 percent year-on-year in second quarter
Reuters
Published Jul 15, 2019 11:44PM ET
Updated Jul 16, 2019 01:24AM ET
WELLINGTON (Reuters)- - The Reserve Bank of New Zealand (RBNZ) said on Tuesday that its sectoral factor model of core inflation was unchanged at 1.7 percent 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 0.6 percent quarter-on-quarter in the same period.
Both measures are closely watched by the RBNZ, which has a monetary policy goal of achieving 1 to 3 percent inflation over the medium term.
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Written By: Reuters
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