More economists expect the central bank to hold the official cash rate at 3.25% amid geopolitical and trade uncertainty.
Assistant governor Karen Silk told NBR a cut of 50bps wasn’t considered this month.
Debt-to-income ratios should help constrain prices this time around, it says.
This afternoon, the RBNZ cut the OCR by 25 basis points to 3.25%.
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.