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Inflationary pressures easing more than expected

Author
Newstalk ZB,
Publish Date
Fri, 20 Oct 2023, 9:40am
(Photo / Getty)
(Photo / Getty)

Inflationary pressures easing more than expected

Author
Newstalk ZB,
Publish Date
Fri, 20 Oct 2023, 9:40am

Infometrics has revised its expectations for economic growth next year upwards.  

It now predicts year-end growth at 0.9%.  

Inflation data out this week also shows inflationary pressures were easing more than had been expected.  

Chief forecaster Gareth Kiernan told Mike Hosking that they’re looking at a soft landing. 

He said that growth is holding up and inflation is slowing in line with what the Reserve Bank would be hoping for, so there would be little need to increase interest rates further. 

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