Reserve Bank to brush off inflation peak

Inflation is still red hot. (Image: Getty)

Thu, 20 Apr 2023

The annual pace of inflation was slightly slower than expected but it’s still eye-wateringly high and economists say it won’t stop the Reserve Bank of New Zealand (RBNZ) from hiking the key interest rate next month. “We continue to expect a 25 basis point hike at next month’s monetary policy statement," said ANZ chief economist Sharon Zollner. "Today’s data is likely not enough to be seen by the RBNZ as warranting a pause, but it should rule out another 50 basis point hike."The annual pace of in...

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