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17 Jun 2024 0:19
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  •   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

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    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 says Auckland's trains will be operating on a reduced timetable again tomorrow because of the continued industrial action by train staff More...



     Today's News

    Business:
    Auckland Transport says Auckland's trains will be operating on a reduced timetable again tomorrow because of the continued industrial action by train staff 21:57

    Law and Order:
    Police want to speak with people who saw a crash between a black SUV and a light truck and trailer near Hampton Downs on Friday 21:17

    International:
    Israeli military announces 'tactical pauses' in southern Gaza fighting to boost aid flow 21:07

    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


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