There is belief we have a big price to pay to get inflation under control, with two years of stunted growth needed to re-balance the economy.

Infometrics' latest forecasts have the Official Cash Rate being increased to 4.5 percent early next year - a full percentage point more than what was expected three months ago.

It also picks economic growth will slip below two-percent in the second half of 2023.

Chief Forecaster, Gareth Kiernan told Mike Hosking even by early next year, the Reserve Bank isn't going to be entirely confident it's done enough to get inflation under control.

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There is belief we have a big price to pay to get inflation under control, with two years of stunted growth needed to re-balance the economy.
Infometrics' latest forecasts have the Official Cash Rate being increased to 4.5 percent early next year - a full percentage point more than what was expected three months ago.
It also picks economic growth will slip below two-percent in the second half of 2023.
Chief Forecaster, Gareth Kiernan told Mike Hosking even by early next year, the Reserve Bank isn't going to be entirely confident it's done enough to get inflation under control.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.