August rate cut still on the cards

The RBNZ’s next rate decision is Aug 20. (Image: NZME)

Mon, 21 Jul 2025

An August rate cut remains on the cards after annual inflation was slightly lower than expected in the June quarter.Annual inflation increased 2.7% in the 12 months to June 30, according to figures released by Statistics New Zealand. It was 2.5% in the March quarter.Most economists had forecast annual inflation would be 2.8% or 2.9% in the June quarter.The consumers price index (CPI) rose 0.5% in the June quarter compared to the March quarter. Within the band“Although the annual inflation rate increased from the March 2025 quarter,...

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