New Zealand Institute of Economic Research

Rule Changes

Backed a hike to 3.00% on October 28; the Reserve Bank held at 2.75% instead

New Zealand's annual inflation slowed to 3.7% in the September quarter from 4.1% in June, Stats NZ said. Petrol prices fell 6.5% over the quarter, while a 6.2% rise in local council rates pushed the other way.

Updated Nov 1