Mumbai, April 21 -- New Zealand's inflation rate held steady at 3.1% in the first quarter, instead of slowing down as many expected. This keeps it above the central bank's target range of 1% to 3%. Prices rose by 0.9% compared to the previous quarter, according to official data. Because inflation is still high, there is a stronger possibility that the Reserve Bank may increase interest rates again this year.
Published by HT Digital Content Services with permission from Capital Market....