1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 Read Reuters, WELLINGTON, July 16 – The Reserve Bank of New Zealand (RBNZ) announced on Friday that core inflation in the second quarter increased by 2.2 percent year on year, according to its sectoral factor model. The announcement came after the country’s official statistics office announced that the consumer price index increased by 1.3 percent in the same quarter, exceeding forecasts. The RBNZ’s monetary policy target is to keep inflation between 1% and 3%. (Praveen Menon contributed reporting, and Jacqueline Wong edited the piece.)/n
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