In November, Reserve Bank of New Zealand (RBNZ) assistant governor Christian Hawkesby told Bloomberg that inflation expectations “are going to be absolutely key for us” and could make the bank raise interest rates at a faster pace.
WELLINGTON: New Zealand food prices rose the most in more than 10 years in 2021, adding to risks that the central bank will need to do more to contain inflation expectations.
The food price index rose 4.5% in December from a year earlier, Statistics New Zealand said yesterday in Wellington.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
