‘Back in the band’: economists expect CPI to land within RBNZ range

ASB economist Chris Tennent-Brown said CPI inflation falling below 2% is possible. (Image: NZME)

Tue, 15 Oct 2024

Economists from New Zealand's major banks forecast inflation to fall within the Reserve Bank of NZ's target range for the first time in over three years. Stats NZ will release its consumer price index (CPI) on Wednesday for the three months ending Sept 30. Economists at ANZ, BNZ, Westpac and ASB all expect annual inflation to fall within the Reserve Bank of NZ’s (RBNZ) target range of between 1% and 3% for the first time since March 2021. Westpac and ASB forecast prices to rise 0.7% quarter-on-quarter and year-on-...

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