But Kerr believed inflation was close to its peak, if it had not already peaked, and that the Reserve Bank would be cutting interest rates before the year was out.
About half of the inflation New Zealanders had experienced had come from overseas and he held out hope inflation could fall to 4% by the end of the year.
“I think that'll be the big story for the second half of this year; central bank's not only finishing hiking, but actually starting to provide some support.”
Not this year. Beehive spent too much money it does not have and America will (again) raise the debt ceiling and print more. Stagflation is around the corner.