SYDNEY, Oct 23 (Reuters) - The Reserve Bank of New Zealand
(RBNZ) said on Friday that its sectoral factor model of core
inflation in the third quarter was 1.7%, unchanged versus the
The data release came after the country's official
statistics agency released figures showing the inflation rate
rose 0.7% in the September-quarter as coronavirus curbs eased,
but still falling short of expectations.
Both measures are closely watched by the RBNZ, which has
spent almost a decade trying to get inflation above the middle
of its 1%-3% target band.
(Reporting by Renju Jose; Editing by Muralikumar Anantharaman)