What’s at stake:Whether the RBNZ needs to hike the official cash rate again in 2024 because of stubborn inflation pressures.
Background: Stats NZ data out today showed food price inflation rose at the lowest level in two years. The central bank kept the OCR at 5.5%, as widely expected, in November. But it said it had a ‘willingness’ to hike again, if needed this year.
Key players: RBNZ, Adrian Orr, Christian Hawkesby, Stats NZ, ANZ, Sharon Zollner, Henry Russell, ASB, Kim Mundy.
Food price inflation has slowed further, with annual CPI inflation expected to fall below 5%, giving the RBNZ the ability to hold interest rates steady early this year.
Statistics NZ data out today showed food prices climbed at an annual rate of 4.8% in December, compared with a year ago, the lowest
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What’s at stake:Whether the RBNZ needs to hike the official cash rate again in 2024 because of stubborn inflation pressures.
Background: Stats NZ data out today showed food price inflation rose at the lowest level in two years. The central bank kept the OCR at 5.5%, as widely expected, in November. But it said it had a ‘willingness’ to hike again, if needed this year.
Key players: RBNZ, Adrian Orr, Christian Hawkesby, Stats NZ, ANZ, Sharon Zollner, Henry Russell, ASB, Kim Mundy.
