The Reserve Bank governor says there has been no sign of significant growth in wage inflation.
Almost no one believes the Reserve Bank will cut the OCR further – or that there will be no change until 2019.
The survey comes a week before the Reserve Bank is scheduled to release its monetary policy statement.
Higher rents, which make up one-third of their total spending, also had a greater effect on beneficiaries.
With no local data today, investors will continue to take their cues from overseas leads.
Phil Borkin said the central bank will likely remain "cautious and watchful" given the one-off factors.
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