Inflation falls just outside key target band
Annual inflation has fallen faster than expected, reinforcing calls for an earlier OCR cut this year.
Annual inflation fell to 3.3%.
Jonathan Mitchell
Wed, 17 Jul 2024
Inflation is within reach of the RBNZ’s key 1-3% target band and reinforces a majority view of rate cuts later this year.
Stats NZ data out today showed inflation fell to 3.3% in the year ended June, below the RBNZ’s May forecast, and compared with 4% in the year ended March.
The housing and
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Jonathan Mitchell
Wed, 17 Jul 2024
Contact the Writer: jmitchell@nbr.co.nz
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