News | Business
23 Jun 2024 4:29
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

    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

     Other Business News
     22 Jun: Conspiracy theorists often talk about the 'deep state'. This is what one might actually look like
     22 Jun: Emotional and financial harm for Northland businesses following a massive power outage
     21 Jun: Resource management is always political – the Fast-track Approvals Bill is just honest about it
     21 Jun: No costing, no clear timelines, no easy legal path: deep scepticism over Dutton’s nuclear plan is warranted
     21 Jun: Weak economies in other developed countries are impacting GDP growth in New Zealand
     21 Jun: Economists aren't expecting GDP to rise significantly, until there's a material change in the OCR
     21 Jun: Celebrity beauty brands are a billion-dollar business. Beyoncé and Rihanna's latest ventures show where it's all heading
     Top Stories

    RUGBY RUGBY
    Ofa Tu'ungafasi is putting his Super Rugby try-scoring run down to what he's calling the most simplistic gameplan the Blues have ever had More...


    BUSINESS BUSINESS
    Conspiracy theorists often talk about the 'deep state'. This is what one might actually look like More...



     Today's News

    Living & Travel:
    Four tickets share Lotto First Division million dollar prize in tonight's draw 21:57

    Entertainment:
    Jenna Dewan has given birth to her third child 21:46

    Law and Order:
    A teenager is facing the courts, accused of firing a gun at a member of the public after driving into a ditch in Hawke's Bay 21:17

    Entertainment:
    Travis Scott was arrested on Thursday (20.06.24) morning 21:16

    Entertainment:
    Sabrina Carpenter knows she "cannot control" the way others see her 20:46

    Entertainment:
    Jenna Dewan's kids always "come first" 20:16

    Entertainment:
    Chelsea Lazkani is "in [a] mess" amid her divorce 19:46

    Entertainment:
    Gemma Collins joked she wants a career change after trying her hand at bingo calling 19:16

    Living & Travel:
    Faulty steering technology is being blamed for a Cook Strait ferry running aground in the South Island 18:57

    Entertainment:
    Courtney Stodden has got engaged just days after flushing her ex-fiancé's engagement ring down the toilet 18:46


     News Search






    Power Search


    © 2024 New Zealand City Ltd