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Weekly economic update

Fortnightly Economic Update - 22 July 2022

Issue date: 
Tuesday, 26 July 2022
Corporate author: 
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Document Date: 
Friday, 22 Jul 2022
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Accessible version

Only the summary of this update has been prepared in HTML. If you require a full accessible version, please contact [email protected] and cite Fortnightly Economic Update - 22 July 2022 as a reference.

  • NZ inflation rose to a multi-decade high of 7.3% in the June quarter.
  • The Reserve Bank raised its policy rate to 2.5% and further tightening is expected.
  • Global inflation picked up pace in June.
Last updated: 
Tuesday, 26 July 2022