The central bank and economists had broadly expected a slight rise in a difficult economy.
Opposition parties critical of coalition Government’s ‘dated and dismal’ politics.
Stats NZ data shows jobless rate rises as widely expected in March quarter.
Reserve Bank will respond if house prices become unsustainable.
New report says more than 80% of New Zealand’s exports by value now going to countries with tightening climate-related disclosures regulations and laws.
Risk-based approach to insurance might lead to the exclusion of high-risk properties.
Annual inflation fell to 4% but domestic-driven inflation barely moved in the year to March, meaning most see the earliest rate cut in 2025.
Annual inflation fell to 4% in the 12 months ended March, as widely expected, Stats NZ data shows.
Friday data dump highlights pull back in inflation pressures and economic activity in March.
The central bank could start cutting the OCR from November if they sniff inflation victory, according to economists.