The inflation beast is back in its cave
The RBNZ will likely cut by another 50bps in February, but then the pace will slow.
Annual inflation at 2.2% in December quarter
The lift follows a 2.2% increase in the 12 months to the September quarter.
December inflation likely on target
Annual inflation likely around 2.1%-2.2% in the December quarter.
Manufacturing activity has contracted for 22 consecutive months
New Zealand’s manufacturing sector contracted in December, marking the first time in the survey’s history that all 12 months were in contraction. The seasonally adjusted Performance of Manufacturing Index (PMI) for December was 45.9, up from 45.2 in November but still well below...