The central bank has said rate increases are having the desired impact on dampening inflation, although the cash rate will have to remain at this restrictive level for some time to ensure inflation returns to the target range. Get more World News and Business News on Zee Business.
New Zealand consumer inflation slows, still exceeds c bank target reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Analysis: It's been a grim week for the government, with higher than expected inflation, a daunting by-electio and Auckland's new mayor dumping Three Waters, writes Peter Wilson .