NZ Economists Trim Inflation Forecasts, Still Expect Rate Hikes (opens original article in a new tab)

New Zealand economists have lowered inflation forecasts following a decline in fuel prices and airfares, but still anticipate rate hikes due to expected inflation above 4% this year.

• New Zealand economists reduced inflation forecasts due to falling fuel prices and airfares in May
• Most economists expect inflation to exceed 4% this year, prompting potential interest rate hikes as early as July
• Economists anticipate the Reserve Bank of New Zealand to raise interest rates in July and September despite easing global tensions