WATCH: RBNZ chief economist discusses inflation pressures and New Zealand’s fragile economic recovery.
Lower interest rates not filtering through to business optimism and costs just yet.
Productivity still a major issue that needs to be addressed, says chief economist Paul Conway.
New report shows extra income and savings still needed to live comfortably in retirement years, although about $500k will be sufficient for many.
The central bank is widely expected to deliver another 50bps OCR cut later next month.
A fall was expected in the December quarter, but data should not prevent another OCR cut next month.
Fast rate of change could cause discomfort for businesses that planned on a longer timescale than the three-year election cycle, said a report obtained by NBR under the OIA.
Key data indicates a tough end to the year as Government puts spotlight on economic growth.
Food price inflation settled over 2024, with all eyes on quarterly data next week.
Survey of business opinion shows confidence rising last quarter, tapered with the reality of weak demand.