Businesses' cost rise expectations fuelling stubborn inflation: ANZ

The ANZ is not ruling out a hike in interest rates at the end of February, even if the market is. The bank saw definite signs of a stall in some of the leading inflation data. However, the Reserve Bank of New Zealand (RBNZ) might decide it needed to do more to ensure progress on stamping out inflation, even at the risk of making a policy mistake, ANZ chief economist Sharon Zollner said.“The RBNZ has given fair warning that their patience is limited.”The remarks accompanied ANZ’s January business outlook survey, which show...