WATCH: RBNZ chief economist discusses inflation pressures and New Zealand’s fragile economic recovery.
It has to apply standardised approach to capital, while the big banks use internal models.
RBNZ’s rate track implies one hike by the end of the year is a likelihood.
Statistics NZ data today showed food prices rose 4.6% in the 12 months to January.
Secretary Iain Rennie tells Economics Forum that fresh data reinforces the New Zealand economy has finally turned a corner.
But the deficit is still $1.7b higher than the same period a year earlier.
Report is due to be finalised in August and publicly released in September.
Despite the headline increase to 5.4%, market pundits reckon the labour market has solid prospects moving forward.
ANZ now expects a rate hike at the end of this year while market pricing indicates a chance of September move, after annual inflation came in at 3.1% today.
Electronic card spending fails to find festive cheer at the end of 2025, with an uncertain road ahead in election year.