ANZ business confidence survey points to rising inflationary pressure

Tue, 09 Mar 2021

The preliminary ANZ Business Outlook data for March indicates rising inflationary pressure.Of those surveyed, a net 74% expect higher costs ahead, up two percentage points from February's survey. Meanwhile, firms are intending to pass the costs on where possible, with a net 49% of firms intending to raise their prices, up three percentage points. Inflation expectations lifted too, from 1.76% to 1.95%, pretty much at the 2% RBNZ CPI target midpoint, ANZ said.The central bank said last month it will maintain the current stimulatory...

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