"We expect the RBNZ will be looking for inflation to increase in a consistent, broad based way from here and will retain a neutral stance, signalling that the next move in interest rates could still be up or down, until it is confidence the underlying inflation pulse has strengthened", ANZ Research commented in its latest report.
The kiwi traded at 68.30 United States cents as at 5pm in Wellington versus 67.68 cents at 8am and 67.74 cents yesterday. Compared with May, consumer prices rose 0.1 percent in June, led by gains in housing rentals, fuel, fresh produce, food and transportation and telecommunications.
Headline CPI rose 0.4 percent q/q in Q2, which was below consensus expectations (0.5 percent) and this saw annual inflation pick up to 1.5 percent y/y from 1.1 percent in Q1.
"New Zealanders are paying more to keep their homes running", prices senior manager Paul Pascoe said. For the June 2018 quarter, the inflation rate was 0.4 percent, Stats NZ said.
Rates, property maintenance services, and home insurance are all higher than they were this time a year ago, Pascoe said.
The biggest driver behind the quarterly lift was housing-related prices, up 0.9 per cent in the quarter and 3.1 per cent annually.
Dwelling insurance prices have jumped 18% when compared to the year to June 2018.
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Food prices also rose by 0.8%, mainly due to seasonal fluctuations in vegetable prices, as did petrol prices which increase by 3.2%. The purchase of new housing lifted 3.9 per cent on the year and 1.1 per cent on the quarter.
"It was cheaper to buy a used auto this quarter as dealerships looked to move some stock, but that was offset by higher running costs", said Pascoe. Audio-visual equipment prices fell 15 per cent on the quarter while subscriber TV prices were down 7.2 per cent. Sky Network Television shares were unchanged at $2.60.
New Zealand CPI rose by 0.4% in the June quarter, below the 0.5% increase expected by financial markets.
The inflation reading is bang on the Reserve Bank's forecast.
"It is not the catalyst to push us in either direction really".
In its June monetary policy statement, the RBNZ said while its overnight cash rate will remain at 1.75% "for now", it added that it was "well positioned to manage change in either direction - up or down - as necessary".
Of course, Article 5 only works if aggressor nations (specifically Russia) believe that the U.S.is really serious about it. In it, host Carlson asked a hypothetical question: "Let's say Montenegro, which joined past year , is attacked".
Open will be a tough act to follow but the course known as Car-NASTY among tour pros is definitely up for the challenge. It's just not going to happen with wind conditions, with pins. "It certainly could have been a little bit better".
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The bullpen, which helped the team to the 2016 World Series, remains a strength with Andrew Miller and Cody Allen at the back end. The 22-year-old made his big league debut on September 1, playing in 11 games with Cleveland last year and one game this year.
You can pre-order right now at DCUniverse.com for an annual fee of $74.99 (plus tax), which is about $6.25 a month. Joining them along the way are the hot-headed Starfire (Anna Diop) and loveable Beast Boy (Ryan Potter).
Head coach Vincent "Chot" Reyes was suspended for one game and fined for unsportsmanlike behavior, as was the national federation. The FIBA investigation found that the brawl wasn't sparked by racist comments from Australian players as had been reported.
By comparison, Alisson didn't commit a single error leading to a goal across 49 league or European outings for Roma last season. What's key, though, isn't just his goalkeeping ability, but rather the consistency of his performances between the sticks.
Oddly enough, there were rumors that the pair married in secret back in March, as previously reported by Inquisitr . But at the time we were going in different directions and it's just what needed to happen.
Mumbai: Global star Priyanka Chopra , who is a passionate dog lover, is often see posting pictures of Diana on her social media. Adore you all... " Isn't It Romantic " Rebel Wilson , Adam Devine , Rebel Wilson , Adam Devine and Liam Hemsworth .
Yesterday, Mr Trump accused opponents of preferring to go to war rather than seeing good relations with Russian Federation . Trump said he had personally warned Putin against election meddling during his meeting with the Russian president.
Father of MH17 victims attacks Trump on crash anniversary
Mr Maslin cited Mr Trumps" penchant for "fake news' spotting and his lack of empathy for the victim's and their families. Anthony Maslin's three children - Mo, Evie and Otis , and their grandfather Nick Norris - were killed in the attack.
Trump gripes about Fed in rare rebuke by sitting president
Although he does not approve with recent hikes, President Trump followed up by saying he put a "very good man in" at the Fed. Doing so slows growth, as it raises the cost of borrowing, but can also prevent runaway inflation from damaging the economy.
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'Brady Bunch' house for sale for almost $1.9 million
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