December inflation likely on target, RBNZ set for Feb rate cut

December inflation likely on target, RBNZ set for Feb rate cut
Economists estimated NZ consumer prices lifted 0.5% in the December quarter. (Image: DepositPhotos)
Rebecca Howard
Economists expect annual inflation was in line with the Reserve Bank of New Zealand’s forecasts in the December quarter, keeping it on track to cut rates by another 50 basis points next month. In November, it forecast annual inflation would be 2.1% in the December quarter versus 2.2% in the September quarter. Westpac Bank senior economist Satish Ranchhod also said the annual inflation rate was expected to slip to 2.1%, marking the lowest annual inflation rate since 2021. Ranchhod estimated that NZ consumer prices lifte...

More Economy

Fast-track applications have a $448,000 price tag
Economy

Fast-track applications have a $448,000 price tag

Owners of the 149 listed projects can now lodge substantive applications. 

Rebecca Howard 07 Feb 2025
Pros and cons of a corporate tax cut
Economy

Pros and cons of a corporate tax cut

Business groups are keen for a cut; others doubt its impact and feasibility.

Pattrick Smellie 05 Feb 2025
Jobs data keep RBNZ on track to cut by 50bps in Feb
Economy

Jobs data keep RBNZ on track to cut by 50bps in Feb

The RBNZ has already signalled plans to cut by 50bps this month.

Rebecca Howard 05 Feb 2025
Unemployment rate hits 5.1%
Economy

Unemployment rate hits 5.1%

It is the biggest annual employment decline in 15 years.

Staff reporters 05 Feb 2025