ANZ’s latest measure of consumer confidence shows inflation expectations at highest level since July, 2023.
RBNZ hits a peak, with one caveat; NZX bounces on OCR hike.
The Monetary Policy Committee voted five-two in favour of jumping an extra 25bp to 5.5% today.
Budget 2023 discloses no recession and inflation back in box next year.
Infometrics reckons the economy expanded at an annual pace of 2.7% in the March quarter.
High level of people switching sectors to stay in work and earn more through the pandemic, according to RBNZ.
The central bank will scout for talent while on a visit to the United States next month.
The central bank gets quizzed at select committee about the latest Financial Stability Report.
Unemployment expected to rise as economy slows after repeated OCR hikes.
Times are tough but New Zealanders are resilient: Financial Services Council panel.