Wednesday, April 26, 2023

Reserve Bank interest rates freeze to continue - if inflation eases

Economists - and anyone dealing with higher mortgage repayments - will be watching the latest quarterly inflation figures out today.

The Consumer Price Index is likely to show inflation grew by 1,3 percent in the first quarter of this year down from 1.9 percent in the previous reading.

That would see annual inflation running at a slower pace of 6.9 percent, sharply lower than the current runaway level of 7.8 percent year on year.

Signs of falling inflation could see the Reserve Bank continue its freeze on official interest rates at next Tuesday's board meeting.

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