News | Business
16 Jun 2024 19:56
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • News
  • Sport
  • Weather
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Parts of our economy are continuing to provide inflation pressures for the Reserve Bank

    Parts of our economy are continuing to provide inflation pressures for the Reserve Bank

    23 May 2024
    It's decided to keep the OCR at 5.5 percent and has signalled a rate cut no sooner than the second quarter of next year.

    ASB Chief Economist Nick Tuffley says the Reserve Bank is expecting inflation to fall into the one to three percent band, before the end of the year.

    He says some sectors of the economy aren't being tamped down by interest rates.

    Tuffley says that includes council rates, rents and insurance costs.

    © 2024 Newstalk ZB, NZCity


     Other Business News
     16 Jun: Auckland Transport's recommending customers catch rail replacement buses or regular buses as train services will be very limited today
     15 Jun: Tough times for WorkSafe have been laid bare - in a newly released Cabinet paper
     14 Jun: Violent clashes in Buenos Aires as Argentina's President Javier Milei narrowly wins vote on radical economic reforms
     14 Jun: Experts say thousands of home owners face property value loss due to new flood modelling. In Melbourne, the process has begun
     14 Jun: Fruit and vegetable prices have dropped dramatically
     14 Jun: It keeps getting harder to find a job
     14 Jun: Ongoing industrial action is expected to affect those heading to tonight's Blues vs Brumbies Super Rugby semi-final at Auckland's Eden Park
     Top Stories

    RUGBY RUGBY
    All Blacks playmaker Beauden Barrett has made his return to rugby on New Zealand shores, suiting up for Coastal in the Taranaki Premier club rugby competition yesterday More...


    BUSINESS BUSINESS
    Auckland Transport's recommending customers catch rail replacement buses or regular buses as train services will be very limited today More...



     Today's News

    Environment:
    A severe thunderstorm warning's been issued for Wellington and the Wairarapa 18:57

    Netball:
    The Mainland Tactix are the new leaders in netball's ANZ Premiership 18:37

    Politics:
    NSW allocates $450 million for more than 400 build-to-rent homes for essential workers 18:17

    Law and Order:
    The body of a 26-year-old woman reported missing from Te Atatu Peninsula has been found 18:07

    Rugby League:
    The Edmonton Oilers have emphatically forced a game-five in ice hockey's Stanley Cup title series with an 8-1 game four win on home ice against the Florida Panthers 17:27

    Environment:
    A bout of rough weather is bound for the South Island's West Coast 16:57

    Rugby:
    All Blacks playmaker Beauden Barrett has made his return to rugby on New Zealand shores, suiting up for Coastal in the Taranaki Premier club rugby competition yesterday 16:17

    Politics:
    Protesters march against France's far-right National Rally Party ahead of snap elections 16:07

    Rugby League:
    The Warriors are positive star centre Roger Tuivasa-Sheck will be back for next Saturday's NRL clash against the Titans on the Gold Coast 15:27

    Golf:
    Bryson DeChambeau has emerged from the pack with a three-under-par 67 to claim the third-round US Open lead at Pinehurst 14:58


     News Search






    Power Search


    © 2024 New Zealand City Ltd