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11 Sep 2024 15:11
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  •   Home > News > Business

    The Reserve Bank says several factors are driving down inflation

    The Reserve Bank says several factors are driving down inflation


    It's cut the Official Cash Rate to 5.25 percent -- saying it's now confident inflation is returning to the one-to-three percent target range.

    The Government is claiming credit for the turn-around -- saying tax cuts and government spending cuts have been reducing inflationary pressure.

    Orr says domestic and international trends are also playing a part, and the most important thing is inflation is falling.

    © 2024 Newstalk ZB, NZCity

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