ANZ’s latest measure of consumer confidence shows inflation expectations at highest level since July, 2023.
All negative, but tourism could be the kicker to get regions humming next year.
Westpac McDermott Miller survey at the weakest level since 1988.
Economists say growth momentum likely to be short-lived with an economic slowdown and recession expected next year.
GDP growth was above some forecasts; the RBNZ expects a slowdown next year and a shallow recession.
Adrian Orr said staff turnover of almost 22% was higher than he wanted, but he was realistic about why that was the case.
Consumers appear to be listening to central bank governor Adrian Orr’s advice to spend sensibly.
Governor Lowe said repeated hikes to the cash rate target were essential to ensure the current high rate of inflation was temporary.
Primary sector export revenue was up 11% in the year to end of June and is expected to go up another 4% this year.
Public consultation open on potential changes to the remit for the body which sets out the guidelines for maintaining price stability.