There are no rate changes to advise.
The Consumers Price Index rose 0.4% in the three months ended March 31. The inflation figures may have a bearing on Bollard's review of monetary policy next week, when he is expected to keep the official cash rate at a record low 2.5% while providing further hints to the timing of any eventual hike. Some economists are now betting he will wait until the third quarter rather than move mid-year as he has been indicating. For more on this story click here.
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