Annual inflation rose to 2.7% in the June quarter, below expectations of just under 3%.
Reserve Bank lifts the cash rate to 3.5% – and pondered a 75bp hike.
Reserve Bank of Australia still hiking to tame inflation pressures.
NZIER’s quarterly survey shows a net 42% of businesses pessimistic about the outlook.
Fifth consecutive hike of 50 basis points expected this week as RBNZ tackles inflation.
New Zealand is doing better than previously assessed but still faces a productivity challenge.
ANZ survey shows inflation expectations under 6% for first time in six months.
New UK stimulus measures put pressure on GBP and other global currencies.
Council of Trade Unions’ other economy suggestions include establishing National Investment Bank, and Ministry of Green Works.
Exporters the winners of a lower NZD/USD, importers feel squeeze.