medium term inflation expectations will decline over the coming years.Leung said she expects the Reserve Bank to lift the Official Cash Rate by 25 basis points in March next year.Council of Trade Unions policy director and economist Bill Rosenberg said the latest figures were the calm before the storm.The rise in GST along with other government charges and policy decisions will together mean big increases in prices. The next three annual increases are likely to be over 4 percent with some possibly over 5 percent
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