BOAO, China: New Zealand's economy is on the mend weeks after a deadly earthquake and inflation will fall back into the central bank's comfort zone in the next year, Finance Minister Bill English said Friday. In an interview with Reuters Insider television, English said confidence was rebounding unexpectedly quickly following the 6.3 magnitude quake that struck Christchurch, the country's second-biggest city, on Feb. 22. At least 166 people died. The Reserve Bank of New Zealand (RNBZ), the central bank, cut interest rates by half a percentage point to 2.5 percent last month to help cushion the blow.
