Cost-driven inflation and its impact on RBNZ’s monetary policy – interest.co.nz 18 July 2024

Summarised by Centrist

Three-quarters of annual inflation in New Zealand is due to external cost pressures, beyond the RBNZ’s monetary policy control. Economists predict inflation to fall within the Reserve Bank’s target range soon. Despite this, non-tradable inflation remains high, influenced by factors like taxes and insurance premiums, which monetary policy impacts slowly.

Read more over at interest.co.nz