The fragile economic recovery is now expected to take longer to mature as global conflict puts pressure on prices.
The central bank warned inflation in New Zealand was expected to be volatile in the near-term.
Former Climate Change Minister James Shaw and Treasury Secretary Iain Rennie speak at the NZ Economics Forum.
Economist Craig Renney critical about lack of action after unemployment rises to 5.1% in the December quarter.
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.