Inflation is coming, RBNZ needs to 'get a wriggle on'

Inflation is coming, RBNZ needs to 'get a wriggle on'
ANZ business confidence survey shows that inflationary pressures are building. (Image: Deposit Photos)
Rebecca Howard
The latest ANZ business confidence survey points to "intense" inflationary pressure and the need for the Reserve Bank of NZ to “get a wriggle on” regarding rate hikes, said chief economist Sharon Zollner.“With firms keen to invest and employ, and both cost-push and demand-pull factors suggesting strong inflation ahead, it’s past time to unwind the emergency official cash rate stimulus,” she said.ANZ is officially forecasting rates will rise in February next year, “but odds are rising that we’l...

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