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16 Jun 2024 11:21
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  •   Home > News > Sports

    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


    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

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     16 Jun: Warriors coach Andrew Webster has every confidence his halves pairing will click in coming weeks
     16 Jun: The Hurricanes are confident their future is bright, despite the 30-19 Super Rugby semi-final loss to the Chiefs in Wellington
     16 Jun: England's playoff hopes at the T20 World Cup are still alive
     16 Jun: Melbourne coach Craig Bellamy has praised the Kiwis in the Storm set-up for inspiring the comeback that delivered a 38-24 win over the Warriors at Mt Smart
     16 Jun: Melbourne's NRL dominance over the Warriors has stretched to 16 straight wins over three thousand, two hundred and sixty-two days - and counting - following a 38-24 win at Mt Smart
     16 Jun: Chiefs coach Clayton McMillan believes number eight Wallace Sititi has put himself in the mix for an All Blacks call-up
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    The Hurricanes are confident their future is bright, despite the 30-19 Super Rugby semi-final loss to the Chiefs in Wellington 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:
    Crocodile attacks in Indonesia have increased and experts say illegal tin mines are to blame 11:17

    Motoring:
    After back-to-back wins in street races, Shane van Gisbergen has crashed out in the latest NASCARS Xfinity race in Iowa 11:07

    Business:
    Auckland Transport's recommending customers catch rail replacement buses or regular buses as train services will be very limited today 11:07

    Rugby League:
    Warriors coach Andrew Webster has every confidence his halves pairing will click in coming weeks 10:47

    Law and Order:
    Police found 10,000 bones on Herbert Baumeister's Fox Hollow Farm. Decades later they continue to identify missing gay men 10:27

    Environment:
    The Hurricanes are confident their future is bright, despite the 30-19 Super Rugby semi-final loss to the Chiefs in Wellington 10:27

    International:
    Migrant families are using dubbed versions of Bluey to help maintain their kids' connection to their cultural heritage 10:17

    Cricket:
    England's playoff hopes at the T20 World Cup are still alive 10:07

    Rugby League:
    Melbourne coach Craig Bellamy has praised the Kiwis in the Storm set-up for inspiring the comeback that delivered a 38-24 win over the Warriors at Mt Smart 10:07

    Law and Order:
    Three people have been injured after police say a car was driven into a crowd in Auckland 9:27


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