ANZ’s latest measure of consumer confidence shows inflation expectations at highest level since July, 2023.
New Zealand’s economy slowed faster than expected in the September quarter, with a 0.3% contraction.
Food prices jumped 6% in year to November, with a mixed picture for other inflation drivers.
Stats NZ reports a provisional record net migration gain of 128,900 people in the year ended October.
Core Crown tax revenue was 0.7% above forecast at $38.6 billion, while net debt also above expectations.
WATCH: RBNZ’s Christian Hawkesby speaks with NBR about the central bank’s willingness to raise the OCR again.
Kiwibank chief economist Jarrod Kerr surprised by tough language in RBNZ’s November monetary policy statement.
The RBNZ held the official cash rate at 5.5% today, no cuts likely until 2025.
The RBNZ is widely expected to hold the OCR at 5.5% tomorrow, as inflation falls and unemployment ticks higher.
Coalition Government agrees to remove the RBNZ's dual mandate to just target inflation.