News | Business
24 Jun 2024 8:10
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Parts of our economy are continuing to provide inflation pressures for the Reserve Bank

    Parts of our economy are continuing to provide inflation pressures for the Reserve Bank


    It's decided to keep the OCR at 5.5 percent and has signalled a rate cut no sooner than the second quarter of next year.

    ASB Chief Economist Nick Tuffley says the Reserve Bank is expecting inflation to fall into the one to three percent band, before the end of the year.

    He says some sectors of the economy aren't being tamped down by interest rates.

    Tuffley says that includes council rates, rents and insurance costs.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     24 Jun: Jetstar is expanding its New Zealand operations
     23 Jun: The Maritime Union suggests there is currently no clear plan around the Inter-island ferries
     22 Jun: Conspiracy theorists often talk about the 'deep state'. This is what one might actually look like
     22 Jun: Emotional and financial harm for Northland businesses following a massive power outage
     21 Jun: Resource management is always political – the Fast-track Approvals Bill is just honest about it
     21 Jun: No costing, no clear timelines, no easy legal path: deep scepticism over Dutton’s nuclear plan is warranted
     21 Jun: Weak economies in other developed countries are impacting GDP growth in New Zealand
     Top Stories

    RUGBY RUGBY
    Pulse captain Kelly Jackson admits they were made to work for every bit of their 46-43 win over the Stars in netball's ANZ Premiership in Porirua More...


    BUSINESS BUSINESS
    Jetstar is expanding its New Zealand operations More...



     Today's News

    Soccer:
    To the European football championships.. 8:07

    Business:
    Jetstar is expanding its New Zealand operations 7:57

    Rugby League:
    League coaching doyen Sir Graham Lowe is allaying fears the Warriors top-8 chances have plummeted after another NRL league loss to Gold Coast 7:47

    Sailing:
    To our New York desk.. 7:37

    Rugby League:
    The Raiders have lost 48-24 to the Tigers to wrap round 16 in league's NRL 7:37

    Law and Order:
    Investigators have revealed how hackers allegedly stole Ticketmaster data. Realistically, will they be punished? 7:27

    Health & Safety:
    Work on a permanent upgrade to Queenstown's water treatment facility begins today 7:27

    Law and Order:
    A person's critically injured after an assault in Auckland's CBD 7:17

    Athletics:
    The New Zealand triathlon team to compete at the Paris Olympics has been named 7:07

    International:
    Is rooftop solar a fatal flaw in the Coalition's grand nuclear plans? 7:07


     News Search






    Power Search


    © 2024 New Zealand City Ltd