New Zealand banks have revised downwards their official cash rate tracks after a lower-than-expected inflation rate of 7.2 per cent in 2022.
Stats NZ released fresh inflation data on Wednesday, reporting quarterly consumers price index (CPI) growth of 1.4 per cent in the December quarter, and 7.2 per cent for the year.
The result is below Australia's CPI, also released on Wednesday, of 7.8 per cent in the 12 months to December.
