Fresh data suggests economy still not firing on all cylinders nearly a year after first interest rate cut.
ANZ’s business confidence survey improved again in December, while inflation expectations nudged lower.
The Westpac-McDermott Miller consumer confidence gauge lifted 8.7 points in the December quarter.
New Zealand economy cools more than expected – with RBNZ pushed to stay on the sidelines.
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.