The jobless rate rise to 5.3% in the September quarter is the highest since late 2016.
Monthly Stats NZ data now includes electricity and gas prices, which rose between March and April.
Survey finds growth now a top concern for local business.
Governor Christian Hawkesby and senior leaders front Finance and Expenditure Select Committee this morning.
The central bank and economists had broadly expected a slight rise in a difficult economy.
The Reserve Bank’s latest Financial Stability Report stress tests the economy.
ANZ’s latest measure of consumer confidence shows inflation expectations at highest level since July, 2023.
Stats NZ data shows annual inflation rose to 2.5%, above 2.2% at the end of last year.
The central bank’s chief economist aims to improve understanding of forecasts in a volatile and uncertain world.
Monetary policy is easier to reverse than fiscal policy, Treasury’s chief economic adviser Dominick Stephens says.