(Bloomberg) -- The New Zealand dollar may rise this
week on speculation reports will show inflation isn't abating as
fast as the central bank wants, which may prompt an increase in
its record-high benchmark interest rate.
New Zealand Institute of Economic Research Inc.'s quarterly
survey of business opinion tomorrow may show a shortage of
workers and capacity constraints in the economy are forcing
companies to raise prices. Government figures on July 16 may
show inflation accelerated to 0.9 percent in the second quarter,
faster then the 0.7 percent rate predicted by the central bank,
according to Westpac Banking Corp.
Read more at Bloomberg Currencies News
week on speculation reports will show inflation isn't abating as
fast as the central bank wants, which may prompt an increase in
its record-high benchmark interest rate.
New Zealand Institute of Economic Research Inc.'s quarterly
survey of business opinion tomorrow may show a shortage of
workers and capacity constraints in the economy are forcing
companies to raise prices. Government figures on July 16 may
show inflation accelerated to 0.9 percent in the second quarter,
faster then the 0.7 percent rate predicted by the central bank,
according to Westpac Banking Corp.
Read more at Bloomberg Currencies News
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