BNZ sees higher inflation with slower growth

Head of research Stephen Toplis said the problem is a supply-side issue. (Photo: supplied)

Wed, 08 Sep 2021

New Zealand is likely to be facing higher inflation with lower growth, but not stagflation, when we finally reopen our borders, according to Bank of New Zealand head of research Stephen Toplis.He's concerned too many people are expecting life to return to normal once sufficiently high vaccination rates make lockdowns and the elimination strategy unfeasible.Inevitably, New Zealanders will have to learn to live with covid and that's likely to mean deaths, which will weigh on confidence and spending and therefore on economic growth.Covid h...

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