News | Cycling
12 Feb 2025 21:41
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  •   Home > News > Sports > Cycling

    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.

    © 2025 Newstalk ZB, NZCity

     Other Cycling News
     08 Feb: Alex Hunt has the lead in the final bike leg of the men's Coast to Coast Longest Day event
     08 Feb: A motorcyclist has received critical injuries, after a crash in South Auckland's Manurewa
     07 Feb: Three drivers who didn't stop -- after fatally striking a pedestrian on Auckland's South-Western Motorway -- are being asked to come forward
     04 Feb: Police are asking for sightings of a red Daihatsu - as they investigate the death of a teen motorcyclist near Whangarei last week
     03 Feb: Two New Zealand cyclists have made the podium at the Cadel Evans Great Ocean Road Race in Geelong
     02 Feb: Cyclists rode slowly down a Matakana road, north of Auckland yesterday, to protest a lack of options for bike riders in the area
     01 Feb: Police have confirmed a motorcyclist found dead in a Northland creek, was shot
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