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By Lucy Craymer
WELLINGTON (Reuters) -New Zealand's consumer prices rose at the fastest pace in three decades last quarter, underlining the need for the central bank to stay on its hawkish course to contain price pressures without tipping the economy into recession.
The New Zealand dollar slipped after the data showed inflation was not quite as hot as feared though, slightly softening expectations the central bank would again hike rates by 50 basis points in May.
Annual inflation rose 6.9% in...
>>> Read more: New Zealand 30-year high inflation flags need for more tightening
WELLINGTON (Reuters) -New Zealand's consumer prices rose at the fastest pace in three decades last quarter, underlining the need for the central bank to stay on its hawkish course to contain price pressures without tipping the economy into recession.
The New Zealand dollar slipped after the data showed inflation was not quite as hot as feared though, slightly softening expectations the central bank would again hike rates by 50 basis points in May.
Annual inflation rose 6.9% in...
>>> Read more: New Zealand 30-year high inflation flags need for more tightening
