Pressure still bubbling under inflation
Underlying stickiness could result in need to raise OCR again to cool inflation.
Westpac senior economist Satish Ranchhod speaks with Jonathan Mitchell.
Inflation pressures are still bubbling away and could force the RBNZ back into hike mode if there’s no meaningful change, according to economists.
Stats NZ data out yesterday showed inflation fell from 6.7% in the year to March to 6% in the year to June, still at three decade highs – although
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