RBNZ inflation data opens the door for August rate cut

RBNZ inflation data opens the door for August rate cut
The Reserve Bank of New Zealand has revised key March figures downwards. (Image: NZME)
Rebecca Howard
Data from the Reserve Bank of New Zealand has upped the ante for rate cuts as early as August.The Reserve Bank of NZ’s (RBNZ) sectoral factor model and factor model told a similar story to Stats NZ’s consumers price index (CPI) data earlier Wednesday, which showed annual inflation at 3.3% in the June quarter. The sectoral factor model was at 3.6%, while the factor model was at 2.8% in the June quarter. That was down from 4.2% and 3.6% respectively in March. “We are seeing inflation essentially roll over,” ASB Bank s...

More Economy

Retailers reel from merchant fee mess
Retail

Retailers reel from merchant fee mess

Bayly said it's important to find a balance between the different stakeholders.

Gregor Thompson 30 Oct 2024
Eroad ups offering with Geotab deal
Economy

Eroad ups offering with Geotab deal

Eroad has announced a deal with a Candian firm for new tech.

Scott Technology sells big into Europe, North America
Economy

Scott Technology sells big into Europe, North America

The Dunedin based robotics firm has found new success in the European market.

ComCom decides Starlink to become NZ levy payer
Economy

ComCom decides Starlink to become NZ levy payer

Starlink now meets the $10m annual revenues threshold.