The central bank was widely expected to cut the official cash rate this week, with inflation in the band, and economy still in recovery.
Friday data dump highlights pull back in inflation pressures and economic activity in March.
The central bank could start cutting the OCR from November if they sniff inflation victory, according to economists.
The central bank held the OCR at 5.5% this afternoon, as widely expected. Insolvency experts think the situation for business is more grim than the figures depict.
The post-election confidence and activity bounce last year was short-lived, latest NZIER survey shows.
Latest regional snapshot highlights pinch points – plus some positives.
Chief executive of Deloitte South Asia, Romal Shetty, tells Auckland event there’s ‘no reason’ for India not to be interested in a free trade agreement with NZ.
With GDP slipping further, New Zealand’s double-dip recession highlights the tough balance between cooling the economy and fostering growth.
Rapid interest rate rises significantly affected consumers and businesses.
IMF mission head Evan Papageorgiou hints that some of the conversations with Minister Willis over the matter have not been easy.