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Economics
3 mins to read

Migration, spending data gives RBNZ reason to worry over summer

Stats NZ reports a provisional record net migration gain of 128,900 people in the year ended October.

OCR cuts not expected until at least 2025, according to ASB.

Fresh migration and electronic card spending data add fuel to the fire for another rate hike next year, as a strong population puts pressure on the economy.

Stats NZ data out today showed a provisional record net migration gain of 128,900 people in the year ended October.

That was made up of a net

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Jonathan Mitchell Tue, 12 Dec 2023
Contact the Writer: jmitchell@nbr.co.nz
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Migration, spending data gives RBNZ reason to worry over summer
Economics,
102095
true