ANZ’s latest measure of consumer confidence shows inflation expectations at highest level since July, 2023.
OCR remains unchanged at 5.5%, with Monetary Policy Committee saying recent economic indicators suggest near-term growth likely to remain weak.
Quarterly survey of business opinion continues improvement from historic low but many still downbeat.
Long-term, focused investment is needed to shift the dial, Ganesh Nana says.
More investment needed to lift productivity, according to Productivity Commission's latest report.
RBNZ’s external committee member addresses economists today.
The Westpac McDermott Miller Employment Confidence Index fell by 3.9 points to 105.6 in the June quarter.
The Westpac McDermott Miller Consumer Confidence Index rose 5.4 points in June, although is still well below average.
Economy falls into recession faster than expected, giving RBNZ time to ‘watch, worry, and wait’.
Stats NZ data reveals two successive quarterly declines in the economy.