Sharon Zollner: ANZ Chief Economist ahead of the latest Consumer Price Index number release
Most economists are forecasting the latest inflation rate to be well within the target band. There’s a widespread expectation that it will fall within the 2.2-2.3% range. The latest Stats NZ Consumer Price Index number will be released just before 11 this morning. As it cut the Official Cash Rate last week, the Reserve Bank said it was confident inflation was now below three percent. ANZ chief economist Sharon Zollner told Mike Hosking they're picking another OCR cut in November. She says they're picking 50 basis points, but this is a really important check point and there's also labour market data three weeks before that decision. LISTEN ABOVE See omnystudio.com/listener for privacy information.