Could we see another rate hike? Maybe

Could we see another rate hike? Maybe
Food and other price increases are still driving inflation. (Image: Getty)
Rebecca Howard
The headline number may have been better, but some economists say “sticky” domestic inflation may mean another rate hike is on the horizon. Consumer prices rose 1.1% in the June quarter, with annual inflation easing to 6.0%, down from 6.7% in the prior quarter. That was slightly below the 6.1% forecast by the Reserve Bank of New Zealand (RBNZ).However, non-tradeable inflation rose 6.6%, driven by construction, rents, and ready-to-eat food. According to Stats NZ, non-tradable inflation indicates demand and supply in the domestic...

More Economy

RBNZ to cut more than 20% of its workforce
Economy

RBNZ to cut more than 20% of its workforce

The job cuts come after its budget was slashed. 

Jones looking at gas rationing
Economy

Jones looking at gas rationing

“The wholesale hollowing out of the regional manufacturing sector.” 

Ian Llewellyn 11 Aug 2025
Treasury says covid spending overcooked
Economy

Treasury says covid spending overcooked

A new Treasury paper has criticised the last Government for overspending during the pandemic, leaving the country with a high level of public debt that makes it vulnerable to future shocks.The paper calculated the total cost of the pandemic at about $66 billion. It put the total...

Staff reporters 07 Aug 2025
Bridges: Interest rates not enough
Economy

Bridges: Interest rates not enough

The former National Party leader says the economy needs a ‘defibrillator’.

Dileepa Fonseka 07 Aug 2025