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Christina Leung: NZIER Deputy Chief Executive talks inflation forecast ahead of Q4 release
Stats NZ will release Consumer Price Index inflation numbers for quarter four on Wednesday, and economists are predicting it will be within the Reserve Banks's target range of 1 - 3%
It comes off the back of December card spending numbers which saw retail spending increase by 2%
NZ Institute for Economic Research Deputy Chief Executive Christina Leung says they're expecting a rise of 0.6% for the quarter, and put annual inflation at 2.2%
She says today's numbers shouldn't change the chances of a rates cut in February, expected to be 0.5%
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By Newstalk ZBStats NZ will release Consumer Price Index inflation numbers for quarter four on Wednesday, and economists are predicting it will be within the Reserve Banks's target range of 1 - 3%
It comes off the back of December card spending numbers which saw retail spending increase by 2%
NZ Institute for Economic Research Deputy Chief Executive Christina Leung says they're expecting a rise of 0.6% for the quarter, and put annual inflation at 2.2%
She says today's numbers shouldn't change the chances of a rates cut in February, expected to be 0.5%
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
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