New Zealand’s inflation may have already peaked, raising the possibility of less aggressive interest-rate hikes in the first part of this year.
Consumer prices probably climbed 7.1% in the fourth quarter from a year earlier, economists predicted ahead of Wednesday’s report. That would be a bit slower than the prior reading of 7.2% and, more importantly, less than the 7.5% predicted by the Reserve Bank in its most recent forecasts.
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