PHOTO The Reserve Bank has raised the official cash rate (OCR) for a second meeting in a row to tackle inflation pressures, and has signalled more increases could be coming this year. The Monetary Policy Committee raised the benchmark rate by 25 basis poi... See more
PHOTO A second consecutive rise in the Reserve Bank's (RBNZ) benchmark interest rate this afternoon looks a foregone conclusion as falls in oil prices lift hopes that inflation has peaked, and economic recovery is about to resume. Economists and financial... See more
PHOTO Unemployment is set to push up to a near 11-year high with too many people and a weak supply of jobs. Major bank economists expect the unemployment rate to inch up to 5.4% or 5.5% for the three months ended June, from the 5.3% rate in March. Westpac... See more
PHOTO Inflation hit a two year high as the full impact of the Middle East war made itself felt on prices. Stats NZ data showed the consumer price index rose 1.5 percent in the three months ended June, with the annual inflation rate rising to 4.1 percent f... See more
PHOTO Inflation is set to hit its highest level in two years, driven by the spike in fuel prices caused by the Middle East war, backing the prospect of more interest rate hikes by the Reserve Bank of New Zealand. Economists are expecting the annual rate t... See more
