Signs inflation is starting to ease -- despite the impact of Cyclone Gabrielle
Signs inflation is starting to ease -- despite the impact of Cyclone Gabrielle
23 February 2023
The Reserve Bank has opted to raise the Official Cash Rate by 50 basis points, to 4.75 percent, as it continues to try to stem the high inflation rate.
Governor Adrian Orr says the cyclone may lead to some price rises in affected regions.
But he says there's no reason it should cause widespread national inflation.
Orr says he'd be concerns, if a shop raises ice cream prices in Invercargill because of the rebuild in Hawke's Bay.
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