RBNZ shifts to sole focus as inflation picture improves

RBNZ shifts to sole focus as inflation picture improves
Inflation staying hot will continue to worry RBNZ. (Image: Getty)
Rebecca Howard
Annual inflation could fall below 5% in the fourth quarter, but economists say still-hot domestic inflation will continue to worry the central bank.Stats NZ published its selected price indexes data on Wednesday, a new monthly data set.Food prices fell 0.2% versus October while rents rose 0.3%.  Domestic airfares were up 3.6% and international airfares fell 3.8%. Petrol was down 2.7% on the month.The data covers 45% of the consumer price index and “suggests the skew of near-term headline risks has shifted to the downside”, said...

More Economy

Consumer confidence back on the up – ANZ survey
Economy Free

Consumer confidence back on the up – ANZ survey

Consumer confidence rose five points to 98.3 in April, according to the latest ANZ-Roy Morgan survey, shoring up the upward trend that was starting to look wobbly.But inflation expectations also rose sharply – up 0.5 points to 4.7%, the highest reading since July 2023.“Household...

Staff reporters 24 Apr 2025
‘Uncertainty abounds’: Willis on trade war challenges
Economy

‘Uncertainty abounds’: Willis on trade war challenges

The impacts for NZ are twofold and will make its economic recovery harder, Willis says.

Rebecca Howard 23 Apr 2025
Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025