Inflation could keep running hot for the rest of the year, driven by high prices at the pump and our weakening NZ dollar.

ASB's latest quarterly economic forecast predicts the Reserve Bank will push the OCR up two more times, to 3.25 percent. 

It also expects unemployment to stick around 5.6 percent and house prices to flatline. 

But acting chief economist Kim Mundy says the economy's shown some resilience and should gradually build momentum. 

"At least, for the here and now through til the end of the year - and maybe early 2027. We expect that growth will still remain quite uneven." 

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Inflation could keep running hot for the rest of the year, driven by high prices at the pump and our weakening NZ dollar.
ASB's latest quarterly economic forecast predicts the Reserve Bank will push the OCR up two more times, to 3.25 percent.&nbsp;
It also expects unemployment to stick around 5.6 percent and house prices to flatline.&nbsp;
But acting chief economist Kim Mundy says the economy's shown some resilience and should gradually build momentum.&nbsp;
"At least, for the here and now through til the end of the year - and maybe early 2027. We expect that growth will still remain quite uneven."&nbsp;
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.

Best of Business

Kim Mundy: ASB acting chief economist on ASB's latest forecast indicating inflation could stay up for the rest of the year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0ed995f0-4778-48de-9c75-b4d901582abe/transcript

An investment fund manager says political parties need to reach a consensus on KiwiSaver, so people can get on with saving. 

ACT has announced it wants to cut the tax on investment earnings through KiwiSaver, while also scrapping the $260-a-year Government contribution. 

Labour, National, New Zealand First and Opportunity also have revealed plans for the scheme.

Milford Asset Management KiwiSaver general manager Murray Harris says we need a cross-party accord.

"If we change the rules or make it too confusing, people disengage and then they'll stop saving. So a long-term plan with one set of rules aren't changed by progressive Governments."

LISTEN ABOVE

An investment fund manager says political parties need to reach a consensus on KiwiSaver, so people can get on with saving.&nbsp;
ACT has announced it wants to cut the tax on investment earnings through KiwiSaver, while also scrapping the $260-a-year Government contribution.&nbsp;
Labour, National, New Zealand First and Opportunity also have revealed plans for the scheme.
Milford Asset Management KiwiSaver general manager Murray Harris says we need a cross-party accord.
"If we change the rules or make it too confusing, people disengage and then they'll stop saving. So a long-term plan with one set of rules aren't changed by progressive Governments."
LISTEN ABOVE

Murray Harris: Milford Asset Management KiwiSaver general manager on ACT's planned changes for KiwiSaver

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1d4e1876-fed9-4f94-bafb-b4d9016130c2/transcript

Inflation across Europe jumped to 3.8 percent in September - a higher rate than economists were predicting.

This increase was largely down to energy costs, and these are expected to make inflation rates go up further. 

Business correspondent Vicky Pryce explained how these rates could increase, and how that's likely to impact households. 

LISTEN ABOVE

 

Inflation across Europe jumped to 3.8 percent in September - a higher rate than economists were predicting.
This increase was largely down to energy costs, and these are expected to make inflation rates go up further.&nbsp;
Business correspondent Vicky Pryce explained how these rates could increase, and how that's likely to impact households.&nbsp;
LISTEN ABOVE
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Vicky Pryce: business correspondent on inflation figures going up across Europe

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/51a66988-42c0-493d-b25a-b4d9014f9903/transcript

The Government books were opened up last week, and they unveil a somewhat more promising outlook ahead of the election.

The Pre-election Economic and Fiscal Update shows the planned 2028/29 surplus - will be nearly $2 billion dollars bigger than forecast, and the Crown will borrow less. 

Political commentator Brigitte Morton says the focus is now on Labour to respond to this with their own announcements and financial updates - including their pay equity plan. 

LISTEN ABOVE

The Government books were opened up last week, and they unveil a somewhat more promising outlook ahead of the election.
The Pre-election Economic and Fiscal Update shows the planned 2028/29 surplus - will be nearly $2 billion dollars bigger than forecast, and the Crown will borrow less.&nbsp;
Political commentator Brigitte Morton says the focus is now on Labour to respond to this with their own announcements and financial updates - including their pay equity plan.&nbsp;
LISTEN ABOVE

Brigitte Morton: political commentator on how the recent PREFU figures impacted the election campaign

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5bb9b9ea-03e6-43c3-bb52-b4d8016efbbb/transcript

Kim Mundy: ASB acting chief economist on ASB's latest forecast indicating inflation could stay up for the rest of the year

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