News | Business
3 Jul 2025 8:38
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • 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

    The Reserve Bank believes we are there or there-abouts when it comes to peak inflation

    The Reserve Bank believes we are there or there-abouts when it comes to peak inflation


    The central bank has increased Official Cash Rate by 50 basis points to two-percent, in response to recent high inflation.

    Inflation is sitting at 6.9 percent.

    Governor Adrian Orr says it could edge a little higher in the quarter we're in, due to oil prices.

    But then they expect it to start to decline.

    He says we don't get back within the target range until the end of next year, and then back at the midpoint the year after -- so they've got some lifting to do.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     03 Jul: A clear message from the Government -- New Zealand can't succeed, if Auckland doesn't succeed
     03 Jul: Bosses at some state-owned enterprises are continuing to be rewarded pay increases, while their companies' profitability tanks
     02 Jul: Prices for top-end butter are through the roof, with little recourse for shoppers
     02 Jul: Woolworths is recalling potentially plastic-infused mince, sold in its North Island stores
     02 Jul: The Commerce Commission's issued a warning to Foodstuffs North Island, over an alleged breach of the Grocery Supply Code
     02 Jul: Air New Zealand is adding 127-thousand seats to Christchurch for the Special Olympics
     01 Jul: New World is launching a reusable container trial in September
     Top Stories

    RUGBY RUGBY
    The Junior Tall Blacks have advanced to the last eight of the under-19 basketball World Cup for the first time More...


    BUSINESS BUSINESS
    A clear message from the Government -- New Zealand can't succeed, if Auckland doesn't succeed More...



     Today's News

    Basketball:
    The Junior Tall Blacks have advanced to the last eight of the under-19 basketball World Cup for the first time 8:37

    Law and Order:
    Sean 'Diddy' Combs found not guilty of sex trafficking and racketeering but guilty of transport for prostitution 8:27

    Business:
    A clear message from the Government -- New Zealand can't succeed, if Auckland doesn't succeed 8:17

    Business:
    Bosses at some state-owned enterprises are continuing to be rewarded pay increases, while their companies' profitability tanks 8:07

    Entertainment:
    Suzanne Somers' husband "missed dating" after her death 8:06

    International:
    Genome of ancient Egyptian entombed 5,000 years ago sequenced for the first time 7:57

    Politics:
    The Minister for Children's 41-million dollar workforce investment is expected to train and retain youth care staff 7:57

    Law and Order:
    Police are still piecing together what happened to a newborn baby, found dead in a wheelie bin in Auckland on Tuesday night 7:47

    Environment:
    People are already leaving their homes at the top of the South Island, as the flood-hit region faces another round of heavy rain 7:47

    Law and Order:
    Sean "Diddy" Combs has been found not guilty of racketeering and sex trafficking, but convicted of a less serious prostitution charge 7:37


     News Search






    Power Search


    © 2025 New Zealand City Ltd