2024 Inflation Rate Forecast Nz. Banks are now predicting a cut in the official interest rate as early as august following today's drop in inflation. The monetary policy committee today agreed to cut the official cash rate (ocr) to 4.75 percent.
Inflation is forecast to average 2.5% this year and 2.6% next year before coming down, assuming “the bank of england responds” to help bring it to the target rate, the obr. You can use the inflation calculator to find out what goods and services were worth in today’s money when adjusted for inflation and vice versa.