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Liam Dann: NZ Herald Business Editor on the falling inflation rate
Description
Inflation is continuing to fall.
Latest Stats NZ figures show the Consumer Price Index rose 3.3% in the year to June.
Today's rate is down from 4% in the year to March this year, and well down from 7.3% annually to June 2022.
Economists had forecast inflation would land on 3.3-3.5%.
NZ Herlad Business Editor Liam Dann told Kerre Woodham that there is finally starting to be some light at the end of the tunnel.
He said that it’s hard to know when the first interest rate cut will be as some of it comes down to leadership, but odds are looking very strong for a November rate cut.
He said that you’ll start to see the markets be really enthusiastic, and they’ll be pushing hard on October.
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