ANZ’s latest measure of consumer confidence shows inflation expectations at highest level since July, 2023.
Economists say the central bank can afford a 50bp hike later this month to cool the inflation beast.
Stats NZ data shows unemployment up to 3.4%, wage pressures building.
Economists ponder the cost of the Auckland region floods – estimated at about $100m so far.
Inflation stays at near-30 year high, RBNZ expected to deliver another whopper.
Latest data reinforces need for further OCR hike next month to kick inflation to curb.
Region suffers biggest plunge in confidence in the country in latest survey, but business seems resiliant and mostly confident.
Gold makes solid gains this year, with all eyes on central banks and the inflation beast.
Though economists expect Jacinda Ardern’s departure likely to have few economic implications.
But the tax department won’t be coming after those who refuse.