Overall, the price index had dropped to -1.8 per cent. The indexed price across the same time period last year was up 4.7 per cent, PriceSpy’s data showed, with a big leap when New Zealand was placed into its first national lockdown.
UNSPLASH
Households have around an extra $10 billion of cash salted away in the banks. Consumer prices may tempt many to splurge, if they think inflation is set to rise. Alexander said: “Most of the items on PriceSpy could be capable of going in the CPI basket of goods, but there are untold items in the CPI that are not on PriceSpy.”
Press Release – Finder A slew of banks have moved their fixed loan rates in both directions in recent weeks, yet experts believe further rate changes could still be on the cards. In this months Finder RBNZ Official Cash Rate Survey , 13 experts and economists weighed in on future …
A slew of banks have moved their fixed loan rates in both directions in recent weeks, yet experts believe further rate changes could still be on the cards.
In this month’s Finder RBNZ Official Cash Rate Survey, 13 experts and economists weighed in on future official cash rate (OCR) moves and other issues related to the state of New Zealand’s economy.
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WELLINGTON New Zealand’s central bank is likely to keep its foot hard on the stimulus pedal this week even as a surprisingly rapid recovery in the economy allows it to upgrade forecasts for activity and inflation.
In a Reuters poll, all 12 economists expect the Reserve Bank of New Zealand (RBNZ) to hold the official cash rate (OCR) at a record low of 0.25% on Wednesday, where it has been since a pandemic-driven cut in March of last year.
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