TMM - News
Record immigration to blame for rates staying higher for longer: RBNZ

Thursday 30th of November 2023
Reserve Bank governor Adrian Orr told journalists that while per-capita consumption has fallen, overall consumption is rising because of the growth in the population.
Stats NZ said earlier this month that there was a net migration gain of 118,800 people in the year ended September, the highest annual total on record.
“Per capita consumption is actually declining but overal...
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