6 September 2022 | Other

Inflation in New Zealand may have peaked, but a rate growth is still expected

Inflation in New Zealand peaked at 7.3% in the second quarter of the year. According to ANZ Research the part of the reason is the drop in oil prices from recent highs.

Economists from ANZ Research predict that a return to 2% inflation will be a long way and will require the Reserve Bank of New Zealand to increase the official monetary rate to 4% by the end of the year. In addition, according to economists at ANZ Research, this level needs to be maintained for several years.

Economists believe that, despite the peak, the risk of rising inflation again is still possible. For example, with rising labor costs, it is probable that inflation will not return to the RBNZ target range of 1% to 3%.

"Global inflation risks are also multifaceted: extremely tight labor markets, climate change, geopolitical tensions, energy shortages and disruptions to trade can all result in a long-term period of high global inflation in the future," they said.

And it will also make it much more difficult for the RBNZ to get inflation back on target.

Company MarketCheese
Period: 30.01.2026 Expectation: 600 pips
AUDCAD trend holds firm on upbeat Australian reports
23 January 2026 52
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Brent sell
Period: 30.01.2026 Expectation: 100 pips
Brent's rally stalls as upside is limited by $65–$66 resistance
23 January 2026 60
Period: 28.02.2026 Expectation: 3000 pips
Buying EURUSD on weak US GDP print
23 January 2026 39
Period: 30.01.2026 Expectation: 1110 pips
GBPUSD’s rally is capped despite eased geopolitical stress
23 January 2026 25
Period: 29.01.2026 Expectation: 690 pips
NG selloff targets $4.400 ahead of reaching local high
22 January 2026 60
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 29.01.2026 Expectation: 15200 pips
Investing in ETHUSD up to $3,170 on US-EU trade relief
22 January 2026 74
Go to forecasts