But most of NZIER’s shadow board pick the OCR will sit between 3.5% and 4.5% a year from now.
Recent weather events highlight pressing need for financial sector guidance, says the central bank, which has been criticised for its climate change focus.
The Westpac McDermott Miller Employment Confidence Index indicated employment opportunities remained positive for now, with signs the labour market may have passed its peak.
Recession vibes linger as economic conditions head south, but latest Stats NZ data shows this is not yet weighing on employment.
Kiwi performance in the spotlight as markets assess banking sector and further interest rate moves in the United States.
Rising interest rates, inflation, as well as living cost rises all weighing on households, according to latest Westpac survey.
Net migration and visa residency a boost for economy, but businesses still desperate for thousands of skilled staff.
RBNZ governor says central bank has a ‘very capable team’ and defends focus on climate change.
Kiwibank’s chief economist Jarrod Kerr expects the inflation battle to be won this year.
Stats NZ data points to widespread falls in economic activity, with a recession expected this year.