Inflation finally falls within the key target band at 2.2%
Stats NZ data reinforces the RBNZ's decisions to cut the OCR and provide economic relief.
Illustration: Michael Hickmott.
Jonathan Mitchell
Wed, 16 Oct 2024
Inflation has finally returned close to the middle of the key target band, but council rates, and rents, are keeping locally generated inflation high.
Stats NZ data out today showed annual inflation fell to 2.2% in the September quarter, down from 3.3% previously.
The RBNZ’s August Monetary Policy
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Jonathan Mitchell
Wed, 16 Oct 2024
Contact the Writer: jmitchell@nbr.co.nz
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