PREVIEW: Inflation tipped to remain tepid in June quarter, add to rate cut case

PREVIEW: Inflation tipped to remain tepid in June quarter, add to rate cut case
Rebecca Howard
By Rebecca Howard July 15 (BusinessDesk) - Inflation  is expected to remain tepid in the June quarter, largely boosted by higher fuel prices, and will likely add to the view that the Reserve Bank is poised to cut rates.  Economists expect the consumers price index rose 0.6 percent in the three months ended June 30, for an annual increase of 1.7 percent, according to the median estimate from a poll of economists by Bloomberg. The Reserve Bank of the New Zealand is forecasting the same numbers. The data is due Tuesday. The central bank h...

More Finance

IRD issues warning to crypto holders ahead of audits
Finance

IRD issues warning to crypto holders ahead of audits

The IRD has identified 227,000 crypto-asset users in NZ and contacted those at risk.

Staff reporters 04 Jul 2024
$1.65b project to simplify switching banks a 'flop'
Finance

$1.65b project to simplify switching banks a 'flop'

Open banking has hindered competition rather than helping it, says lobby.

AAP 04 Jul 2024
MTF to investigate bullying claims
Finance Exclusive

MTF to investigate bullying claims

Chief executive Chris Lamers said he takes the claims 'very seriously'.

Murray Jones 04 Jul 2024
Payments NZ could play key role in open banking standards
Finance

Payments NZ could play key role in open banking standards

A draft decision proposes an 18-month approval, rather than the five years requested.

Ben Moore 01 Jul 2024