BNZ sees downside risk to inflation

Food prices aren't rocketing up as fast. (Image: Unsplash)

Tue, 14 Nov 2023

Bank of New Zealand economists are increasingly confident in their view that the Reserve Bank of NZ won’t hike the benchmark interest rate again, with the latest set of consumer price figures showing the pace of inflation abating. Statistics NZ said food prices fell a seasonally adjusted 0.1% in the month of October and were 6.3% higher than a year earlier, slowing from an annual increase of 8% in September. Rental prices rose 4.2% from a year earlier, while the newly selected price measures showed cheaper domestic and internati...

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