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Economics
3 mins to read

Late summer sizzle as inflation pressures remain intense

Economists reckon the next move could be up, but not until late February.

WATCH: ANZ economist Henry Russell speaks with Jonathan Mitchell.

Key points
  • Why it matters: Economists continue to debate whether the Reserve Bank of New Zealand will need to raise the Official Cash Rate beyond the current 5.50%.
  • Background: Inflation fell faster than expected to an annual rate of 5.6% in the September quarter, much better than economists expected.
  • Main players: Reserve Bank of New Zealand, Adrian Orr, interest rates, inflation, Henry Russell.

The Reserve Bank will be uncomfortable about persistent inflation pressures but unlikely to shift the dial higher on interest rates this year, according to economists.  

Stats NZ data out yesterday showed inflation fell faster in the September quarter, to an annual rate of 5.6%, much better than 

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Key points
  • Why it matters: Economists continue to debate whether the Reserve Bank of New Zealand will need to raise the Official Cash Rate beyond the current 5.50%.
  • Background: Inflation fell faster than expected to an annual rate of 5.6% in the September quarter, much better than economists expected.
  • Main players: Reserve Bank of New Zealand, Adrian Orr, interest rates, inflation, Henry Russell.
Late summer sizzle as inflation pressures remain intense
Economics,
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