Sign up now
to receive this report by email.
to receive this report by email.
Business Weekly Economic Report
Inflation causes a jolt
Monday, 19 October 2009
-
Local events of the past week made us increasingly wary about the chances the RBNZ will wait until ‘the latter part of 2010’ before starting to lift the OCR back towards a more normal level.
-
First cab off the rank was NZ house prices, REINZ’s new stratified median price measure has risen nearly 8% off its low, reversing losses made since roughly mid-2008. Next, Q3 CPI inflation increased 1.3% qoq, considerably stronger than expected as underlying inflation pressures have not weakened to the extent expected.
-
The risk has grown of the RBNZ unwinding the stimulus earlier than it implies. We now see April as the more likely timing (previously June).
Read the full PDF report.
In order to read these documents you will need to have Adobe Acrobat Reader. If you do not have this software installed on your computer, please click on the Adobe link below to download it. (The software is free of charge).
Report Prepared by:
Jane Turner
ASB Economist
Phone: +64 9 374 8185
Fax: +64 9 302 0992
We take your privacy seriously, and will not pass on your personal information without your permission. To view our privacy policy click here. Important Disclaimer:
|
|||||||||
