Pace of interest rate increases not clear cut
OCR increases are inevitable off the back of yesterday’s 4.1% inflation figure, but the pace of the hikes remains uncertain to a degree, Westpac says.
Consumer prices rose 1.5% in the June quarter bringing annual inflation to 4.1% - in line with economists’ forecasts.
Westpac says the inflation figures weren’t as worrying as they could have been, with limited signs of widespread spillover from high oil prices.
Kiwibank economists Alexandra Turcu and Elliott Lowe say headline inflation would have been 2.9% in the June...MORE»
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