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NZ central bank looks ahead to faster inflation, earlier hike

Reuters  |  WELLINGTON 

By Ana Nicolaci da Costa and Charlotte GreenfieldWELLINGTON (Reuters) - Fiscal stimulus from a new Labour-led government and a weaker currency would lead to faster inflation and probably an earlier rise in interest rates, New Zealand's central bank said on Thursday - sending the local dollar sharply higher.The Reserve Bank of New Zealand (RBNZ) held interest rates steady at 1.75 percent as expected, and said policies proposed by the new Labour-led government could boost economic growth by around half a percentage point in each of the next three years. The RBNZ also projected a possible rise ...

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First Published: Thu, November 09 2017. 08:31 IST