Businesses' cost rise expectations fuelling stubborn inflation: ANZ

Businesses' cost rise expectations fuelling stubborn inflation: ANZ
The economy is at a delicate stage, bank says.
Staff reporters
The ANZ is not ruling out a hike in interest rates at the end of February, even if the market is. The bank saw definite signs of a stall in some of the leading inflation data. However, the Reserve Bank of New Zealand (RBNZ) might decide it needed to do more to ensure progress on stamping out inflation, even at the risk of making a policy mistake, ANZ chief economist Sharon Zollner said.“The RBNZ has given fair warning that their patience is limited.”The remarks accompanied ANZ’s January business outlook survey, which show...

More Economy

Spending up 3.7% in year, Westpac data says
Economy

Spending up 3.7% in year, Westpac data says

Westpac’s senior economist, Satish Ranchhod, says spending is "starting to pick up again" after the bank’s data showed a 3.7% annual rise in spending on Westpac-issued credit and debit cards. Westpac's Retail Spending Pulse, released on Friday, showed the upward shift was hel...

Staff reporters 14 Mar 2025
How NZICC could change Auckland's CBD
Economy

How NZICC could change Auckland's CBD

Developers are pouring billions into Auckland CBD's midtown area.

Dileepa Fonseka 13 Mar 2025
Gap between NZ and Aus bank interest margin grows
Economy

Gap between NZ and Aus bank interest margin grows

In New Zealand, 2024 net interest margins were flat at 2.34%.

Gregor Thompson 12 Mar 2025
School lunch provider Libelle Group tipped into liquidation
Retail

School lunch provider Libelle Group tipped into liquidation

It is contracted to deliver approximately 125,000 meals a day. 

Staff reporters 11 Mar 2025