Signs of inflation are emerging but coronavirus to keep RBNZ cautious

Signs of inflation are emerging but coronavirus to keep RBNZ cautious
Rebecca Howard
The Reserve Bank’s latest survey of expectations adds to the picture of rising inflationary pressures, but caution is still expected to prevail at next week’s monetary policy review as the coronavirus continues to unfold. The most-watched numbers in the survey, mean two-year ahead inflation expectations, lifted to 1.93 percent in the March quarter versus 1.80 percent in the December quarter. Mean expectations for one-year ahead inflation rose to 1.88 percent in the March quarter from 1.66 percent in the December quarter. The RBNZ, whic...

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NZIER's Shadow Board predicts RBNZ will hold, with one exception
Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception

The New Zealand Institute of Economic Research’s Shadow Board expects the Reserve Bank of NZ to hold the official cash rate at 5.5% for another year, although one member did call for a hike this week. “While inflation pressures are still high and the labour market remains strong,...

Rebecca Howard 08 Jul 2024
RBNZ could hint cuts may come sooner
Economy

RBNZ could hint cuts may come sooner

The RBNZ will announce its latest decision at 2pm on Wednesday. 

Rebecca Howard 08 Jul 2024
Briscoe Group says tax changes will hit FY net profit by $7.4m
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Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024