CPI Inflation
[updated]
Statistics NZ says food prices rose 0.6% in the year to July; annual rental growth of 4.3% is the slowest rate of growth since November 2023
15th Aug 24, 11:26am
37
Statistics NZ says food prices rose 0.6% in the year to July; annual rental growth of 4.3% is the slowest rate of growth since November 2023
The latest quarterly Household Expectations Survey for the Reserve Bank finds households still see inflation above the RBNZ's 1% to 3% target in two years' time, and they are less optimistic about chances of being able to get another job
15th Aug 24, 10:15am
51
The latest quarterly Household Expectations Survey for the Reserve Bank finds households still see inflation above the RBNZ's 1% to 3% target in two years' time, and they are less optimistic about chances of being able to get another job
Reserve Bank starts long awaited interest rate cuts, and is forecasting further cuts before the end of the year. It also now sees annual inflation falling to just 2.3% by the end of this quarter
14th Aug 24, 2:11pm
289
Reserve Bank starts long awaited interest rate cuts, and is forecasting further cuts before the end of the year. It also now sees annual inflation falling to just 2.3% by the end of this quarter
David Cunningham calls for an end to a consensus-based approach in RBNZ Monetary Policy Committee decision making, and more independent committee members
13th Aug 24, 9:15am
15
David Cunningham calls for an end to a consensus-based approach in RBNZ Monetary Policy Committee decision making, and more independent committee members
HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'
12th Aug 24, 2:20pm
33
HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'
David Hargreaves previews the forthcoming OCR review in which all attention revolves around whether the Reserve Bank will stick to its own script - or acquiesce to the urgings of financial markets for cuts, not so much now, as YESTERDAY, please
11th Aug 24, 6:30am
138
David Hargreaves previews the forthcoming OCR review in which all attention revolves around whether the Reserve Bank will stick to its own script - or acquiesce to the urgings of financial markets for cuts, not so much now, as YESTERDAY, please
[updated]
'We strongly believe the Reserve Bank should be easing monetary policy as soon as possible. Indeed, we are on record as having said that it should already have done so'
6th Aug 24, 10:05am
125
'We strongly believe the Reserve Bank should be easing monetary policy as soon as possible. Indeed, we are on record as having said that it should already have done so'
Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%
5th Aug 24, 9:54am
47
Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%
Kiwibank economists believe the Reserve Bank is set to do a big about-face with its Official Cash Rate forecasts
29th Jul 24, 2:06pm
66
Kiwibank economists believe the Reserve Bank is set to do a big about-face with its Official Cash Rate forecasts
The RBNZ hasn't reduced interest rates with domestic inflation this high in the past 20 years and is likely to delay until November, according to UBS analysis
24th Jul 24, 3:48pm
15
The RBNZ hasn't reduced interest rates with domestic inflation this high in the past 20 years and is likely to delay until November, according to UBS analysis
'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'
22nd Jul 24, 2:50pm
28
'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'
Three quarters of annual inflation was due to cost pressures outside the control of the RBNZ’s monetary policy
18th Jul 24, 12:47pm
111
Three quarters of annual inflation was due to cost pressures outside the control of the RBNZ’s monetary policy
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
18th Jul 24, 5:00am
30
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
Politicians didn’t use fiscal policy to fight inflation and should just stop talking about it, Dan Brunskill says
17th Jul 24, 2:47pm
26
Politicians didn’t use fiscal policy to fight inflation and should just stop talking about it, Dan Brunskill says
David Hargreaves says still 'sticky' domestic inflation may convince the Reserve Bank to sit tight on the Official Cash Rate at least for now
17th Jul 24, 11:22am
63
David Hargreaves says still 'sticky' domestic inflation may convince the Reserve Bank to sit tight on the Official Cash Rate at least for now
Falling transport costs and flat food prices dragged annual inflation to just above the 1% to 3% target band during the June quarter
17th Jul 24, 10:56am
177
Falling transport costs and flat food prices dragged annual inflation to just above the 1% to 3% target band during the June quarter
Latest card spending data from the country's biggest bank shows that annual growth has fallen below 1%, suggesting sales volumes are still falling
15th Jul 24, 2:16pm
13
Latest card spending data from the country's biggest bank shows that annual growth has fallen below 1%, suggesting sales volumes are still falling
ASB chief economist Nick Tuffley says the Reserve Bank’s dovish turn would have been based on fresh forecasts which show a much weak economy than in May
14th Jul 24, 9:01am
3
ASB chief economist Nick Tuffley says the Reserve Bank’s dovish turn would have been based on fresh forecasts which show a much weak economy than in May
David Hargreaves assesses the prospects for the June quarter inflation figures due to be released this coming Wednesday and which will be pivotal for the Reserve Bank in deciding whether to cut the Official Cash Rate sooner or later
14th Jul 24, 6:00am
132
David Hargreaves assesses the prospects for the June quarter inflation figures due to be released this coming Wednesday and which will be pivotal for the Reserve Bank in deciding whether to cut the Official Cash Rate sooner or later
Stats NZ says lower prices for tomatoes, cheese, and potatoes have driven food prices to annual six-year low while prices for petrol and tobacco climb
11th Jul 24, 11:37am
43
Stats NZ says lower prices for tomatoes, cheese, and potatoes have driven food prices to annual six-year low while prices for petrol and tobacco climb
Kiwibank economists say they would recommend cutting the Official Cash Rate in August
8th Jul 24, 1:45pm
23
Kiwibank economists say they would recommend cutting the Official Cash Rate in August
The Reserve Bank's likely to cheerfully ignore the growing clamour for some public indication of when the Official Cash Rate will be cut when it has its next review of the OCR in the coming week
7th Jul 24, 6:30am
100
The Reserve Bank's likely to cheerfully ignore the growing clamour for some public indication of when the Official Cash Rate will be cut when it has its next review of the OCR in the coming week
With the economy in a tailspin and the RBNZ stubbornly holding the OCR, Gareth Vaughan takes a look at the non-tradable inflation dilemma
6th Jul 24, 9:10am
38
With the economy in a tailspin and the RBNZ stubbornly holding the OCR, Gareth Vaughan takes a look at the non-tradable inflation dilemma
Gareth Vaughan on a housing crisis, the NZ credit landscape, governments & 'shockflation,' EV wars, private jetting away from a firestorm & marking their own homework
3rd Jul 24, 10:08am
23
Gareth Vaughan on a housing crisis, the NZ credit landscape, governments & 'shockflation,' EV wars, private jetting away from a firestorm & marking their own homework
BNZ economists say they hope the Reserve Bank will 'eventually accept' there are a number of relative price increases such as insurance and rates that can be 'looked through'
2nd Jul 24, 10:55am
28
BNZ economists say they hope the Reserve Bank will 'eventually accept' there are a number of relative price increases such as insurance and rates that can be 'looked through'