Annual inflation eases to 6.7%

Annual inflation eases to 6.7%
The Reserve Bank is unlikely to pause its hiking cycle. (Image: Getty)
Rebecca Howard
The annual pace of inflation eased to 6.7% in the March quarter versus 7.2% in the December quarter.“Inflation is still at levels not seen since the 1990s,” Stats New Zealand's consumer prices senior manager, Nicola Growden, said.While it's lower than the 7.3% forecast by the Reserve Bank of NZ, it may not be enough to deter the central bank from lifting interest rates again in May, by another 25 basis points, to 5.50%.  The central bank is mandated with keeping inflation between 1% and 3%, with a focus on the midpoint....

More Economy

Little reason to celebrate GDP data
Economy

Little reason to celebrate GDP data

NZ is no longer technically in a recession but quarter-on-quarter growth was only 0.2%.

Kaya Selby 20 Jun 2024
NZ economy grows a tad in March quarter
Economy

NZ economy grows a tad in March quarter

The GDP lifted 0.2% in March quarter. 

Staff reporters 20 Jun 2024
Current account deficit narrows
Economy

Current account deficit narrows

At 6.8% of GDP, the deficit was larger than the Reserve Bank and Treasury predicted.

Murray Jones 19 Jun 2024
Have we screwed the scrum too far in bank regulation?
Economy

Cameron Bagrie: Have we screwed the scrum too far in bank regulation?

The government's banking inquiry is overdue and welcome. 

Cameron Bagrie 19 Jun 2024