New Zealand consumer prices rose less than economists forecast last quarter as a strengthening currency makes imports cheaper, adding to signs a period of record-low interest rates will be prolonged. The kiwi fell.
Dairy-production growth in New Zealand may slow or remain flat this year as the world’s largest exporter suffers from the worst drought in at least three decades, pushing prices higher, according to ASB Bank Ltd.
More New Zealand consumers expect higher house prices, adding to the case for a pick-up in the residential property market that may deter the central bank from cutting interest rates, according to ASB Bank Ltd.
Ross Dale, a manager for equipment leasing company Hirepool Ltd., is outlining efforts to clean up Christchurch after the 7.0 earthquake that struck New Zealand’s second-largest city on Sept. 4, when the ground shakes again.