Stronger-than-expected inflation won't deter November rate cut - economists

Stronger-than-expected inflation won't deter November rate cut - economists
Rebecca Howard
New Zealand’s stronger-than-expected third-quarter inflation won’t deter the Reserve Bank from cutting interest rates again with most economists expecting a 25-basis point rate cut in November. The consumers price index increased 0.7 percent in the September quarter, bringing the annual rate of inflation to 1.5 percent, slowing from a 1.7 percent pace in June, Stats NZ said.   The annual pace of non-tradeable inflation, which focuses on domestic goods and services that don't compete with imports, accelerated to 3.2 percent from 2.8 percen...

More Economy

Dire consumer confidence doesn't bode well
Economy

Dire consumer confidence doesn't bode well

The headline confidence index slumped to 89.2 from 97.5 a quarter earlier.

Consumer confidence 'in the doldrums': Westpac
Economy

Consumer confidence 'in the doldrums': Westpac

Global storm clouds and cost of living pressures at home continue to dampen consumer confidence.The Westpac McDermott Miller Consumer Confidence Index for the March quarter fell 8 points to 89.2.Anything below 100 indicates a pessimistic view.'Trade tensions'Westpac senio...

Trump economy 'already ending badly'
Economy

Trump economy 'already ending badly'

'Baked-in incoherence' will stop Trump producing a coherent new world order.